An unexpected increase in oil and gasoline stocks in the United States

The US Energy Information Administration said on Wednesday that US crude oil and gasoline inventories rose last week, while distillate stocks fell.

Crude oil inventories rose 2.3 million barrels in the week to October 1, to 420.9 million barrels, compared with a 418,000-barrel drop in expectations from analysts polled by Reuters.

Stocks of crude oil at the Cushing delivery center, in Oklahoma, they rose 1.5 million barrels last week, the government agency said.

He added that refinery crude oil consumption increased by 329,000 barrels per day last week. The refinery’s operating rates increased by 1.5 percentage points.

Data from the Energy Information Administration indicated that US gasoline inventories increased by 3.3 million barrels to 225.1 million barrels, while a decline of 279,000 barrels was expected.

Stocks of distillates, which include diesel and fuel oil, fell by 400,000 barrels in the past week to 129.3 million barrels, against expectations of a 1 million barrel decline.

The Energy Information Administration said net imports of U.S. crude oil last week increased by 1.4 million barrels per day to 4.92 million barrels per day, the highest level since July 2020.

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