EIA: U.S. crude oil inventories unexpectedly rose by 4.489 million barrels last week
Foreign news on June 1, the US Energy Information Administration (EIA) announced on Thursday that US crude oil inventories unexpectedly increased last week, distillate inventories also increased, but gasoline inventories fell. the U.S. crude oil inventories rose by 4.5 million barrels in the week to May 26 to 459.66 million barrels, the EIA said, compared with analysts' expectations for a decrease of 1.4 million barrels. the Crude inventories at the Cushing, Oklahoma, delivery hub rose by 1.6 million barrels, the EIA said. the The refinery crude oil processing volume increased by 96,000 barrels per day, while the refinery capacity utilization rate increased by 1.4 percentage points. the Gasoline inventories fell by 200,000 barrels to 216.07 million barrels for the week, the EIA said, compared with analysts' expectations for a drop of 500,000 barrels. the Distillate stockpiles, which include diesel and heating oil, rose by nearly 1 million barrels to 106.66 million barrels, compared with expectations for a rise of 900,000 barrels, EIA data showed. the U.S. net crude oil imports rose by 1 million barrels per day, the EIA said. the During the week, the U.S. Strategic Petroleum Reserve (SPR) fell by about 2.5 million barrels to 355.4 million barrels, the lowest level since September 1983. the
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