2018-11-21
The US Petroleum Institute said on Tuesday that crude oil inventories in the United States fell unexpectedly last week, while increased gasoline stocks and reduced distillate stocks.
 
Crude stocks fell by 1.5 million barrels in the week ending Nov. 16 to 439.2 million barrels, compared with analysts' forecasts of an increase of 2.9 million barrels.
 
Crude inventories at the Kashkent delivery center in Oklahoma rose by 398,000 barrels, the institute said.
 
The Institute's data showed that the refinery consumption rate increased by 398 thousand barrels per day.
 
Gasoline inventories rose 706,000 barrels, compared to analysts' forecasts in a Reuters poll of 198,000 barrels.
 
Distillate stocks, including diesel and heating oil, fell by 1.8 million barrels, compared to a forecast of 2.7 million barrels.
 
US crude imports last week fell 1 million bpd to 7.3 million bpd.