NEW YORK - U.S. crude oil stocks rose last week as imports increased and demand from refiners fell, while gasoline posted a big decline as demand rose, Energy Information Administration weekly data showed on Wednesday.
Total commercial crude oil inventories gained 700,000 barrels to 351.3 million barrels for the week ended March 6, EIA reported, above forecasts for a small build of 400,000 barrels.
Gasoline supplies amounted to 212.5 million barrels, down by 3 million barrels and dwarfing a forecast 400,000-barrel draw. Gasoline demand over the past four weeks was 9.02 million barrels per day, up 1.6 percent from a year ago, EIA added.
Distillate fuels, which include heating oil and diesel, were up by 2.1 million barrels at 145.4 million barrels versus forecasts for an unchanged reading.
Crude stocks rose on an increase of 93,000 bpd in crude imports, and as refinery runs, or demand from refiners, fell by 229,000 bpd. U.S. refinery utilization fell 0.4 percentage point to 82.7 percent of capacity, versus a forecast 0.1 percentage point decrease.
The American Petroleum Institute's weekly data on Tuesday showed crude stocks in the world's top consumer fell 419,000 barrels last week, while gasoline rose 1.7 million barrels as product imports rose 190,000 bpd. Distillates fell 279,000 barrels.
Total commercial crude oil inventories gained 700,000 barrels to 351.3 million barrels for the week ended March 6, EIA reported, above forecasts for a small build of 400,000 barrels.
Gasoline supplies amounted to 212.5 million barrels, down by 3 million barrels and dwarfing a forecast 400,000-barrel draw. Gasoline demand over the past four weeks was 9.02 million barrels per day, up 1.6 percent from a year ago, EIA added.
Distillate fuels, which include heating oil and diesel, were up by 2.1 million barrels at 145.4 million barrels versus forecasts for an unchanged reading.
Crude stocks rose on an increase of 93,000 bpd in crude imports, and as refinery runs, or demand from refiners, fell by 229,000 bpd. U.S. refinery utilization fell 0.4 percentage point to 82.7 percent of capacity, versus a forecast 0.1 percentage point decrease.
The American Petroleum Institute's weekly data on Tuesday showed crude stocks in the world's top consumer fell 419,000 barrels last week, while gasoline rose 1.7 million barrels as product imports rose 190,000 bpd. Distillates fell 279,000 barrels.
