Oil Stockpiles Edged Up 90,000 Barrels Last Week: EIA
By Liz Moyer
Investing.com -- U.S. oil stockpiles rose less than expected in the latest week, the Energy Information Administration said on Wednesday.
Crude oil inventories edged higher by 90,000 barrels last week, compared with analysts' expectations for a build of 659,000 barrels.
Distillate stockpiles, which include diesel and heating oil, fell 3.342 million barrels in the week against expectations for a draw of 648,000 barrels, the EIA data showed.
Refinery crude runs were 253,000 barrels. The weekly refinery utilization rate rose 0.4%, according to the EIA report.
Gasoline inventories rose by 92,000 barrels last week the EIA said, compared with expectations for a build of 508,000 barrels.
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