U.S. crude stocks fell by more than 14 million barrels (MMbbl) last week, while gasoline stocks decreased and distillate inventories rose, the U.S. Energy Information Administration (EIA) said on Sept. 8.
Crude inventories fell by 14.5 MMbbl in the last week, compared with expectations for an increase of 225,000 bbl.
Crude stocks at the Cushing, Okla., delivery hub fell by 434,000 bbl, EIA said.
Refinery crude runs rose by 315,000 bbl/d, EIA data showed. Refinery utilization rates rose by 0.9 percentage points.
Gasoline stocks fell by 4.2 MMbbl, compared with analysts' expectations in a Reuters poll for a 171,000-bbl drop.
Distillate stockpiles, which include diesel and heating oil, rose by 3.4 MMbbl, vs. expectations for a 684,000 bbl increase, the EIA data showed.
U.S. crude imports fell last week by 1.7 MMbbl/d.
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