Foreign news on May 17, data released by the US Energy Information Administration (EIA) on Wednesday showed that as of the week of May 12, US crude oil inventories increased by 5 million barrels to 467.62 million barrels. fell by 900,000 barrels.
Crude inventories at warehouses in Cushing, Oklahoma, rose by 1.46 million barrels to 35.47 million barrels, the EIA said.
Refinery crude oil processing rose by 245,000 barrels per day to 15.99 million barrels per day. Refinery capacity utilization rose 1 percentage point to 92.0%.
U.S. gasoline inventories fell by 1.4 million barrels for the week to 218.33 million barrels, compared with analysts' expectations for a drop of 1.1 million barrels.
Distillate stockpiles, which include diesel and heating oil, rose by 80,000 barrels to 106.23 million barrels, compared with analysts' expectations for a rise of 100,000 barrels.
Net U.S. crude oil imports fell by 127,000 bpd to 2.55 million bpd last week, the EIA said.
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