© Archyde.com. Crude oil storage tanks in Cushing, Oklahoma, USA (Archyde.com Photo).
(Archyde.com) – The US Energy Information Administration said on Wednesday that stocks of gasoline and distillates increased in the United States last week.
Crude inventories increased by 10.2 million barrels in the week ending December 9 to 424.1 million barrels, a significant increase from analysts’ expectations in a Archyde.com poll, for a decline of 3.6 million barrels.
Crude inventories at the delivery center in Cushing, Oklahoma, rose by 426,000 barrels last week, according to the Energy Information Administration.
The management reported that the crude refinery run rate increased 3.3 percent in that week.
With regard to gasoline stocks, the administration said that they increased by 4.5 million barrels last week to 223.6 million, compared to analysts’ expectations in a Archyde.com poll, for an increase of only 2.7 million barrels.
According to management data, distillate stocks, which include diesel and heating oil, increased by 1.4 million barrels in the same week to 120.2 million barrels, compared to expectations of an increase of 2.5 million barrels.
The administration said net US imports of crude fell last week by 31,000 barrels per day.
(Prepared by Ali Khafaji for the Arabic Bulletin)
