US crude stocks down 5.2m barrels, gasoline shows 7-m barrel build
London, (Quantum Commodity Intelligence) - US crude stocks fell by 5.2 million barrels last week, EIA data showed Wednesday, a bigger draw than what both analysts and the American Petroleum Institute predicted, while gasoline stocks rose a sharp 7 million barrels.
Distillate stocks also rose on the week, fuelled by a rise in run rates to 91.3%, up from 88.7% a week earlier.
Key stock figures
US crude stocks: 474 million barrels, down 5.2 million barrels on week versus expectations of a 2-million draw.
US gasoline stocks: 241 million barrels, up 7.0 million barrels on week versus 700,000 build estimate.
US middle distillate stocks: 137 million barrels, up 4.4 million barrels on week versus 1.4 million estimate.
US jet stocks: 44 million barrels, up 1.7 million barrels on week.
US diesel stocks: 124 million barrels, up 4.2 million barrels on week.
US residual fuel stocks: 32 million barrels, down 0.3 million barrels on week.
US ethanol stocks: 20 million barrels, up 0.4 million barrels on week.
Key demand figures
US total oil product deliveries: 17.7 million barrels per day, -1.43 million barrels per day on week.
US gasoline deliveries: 8.5 million barrels per day, -0.67 million barrels per day on week.
US jet deliveries: 1.0 million barrels per day, -0.41 million barrels per day on week.
US middle distillate deliveries: 3.4 million barrels per day, -0.4 million barrels per day on week.
US residual fuel deliveries: 0.4 million barrels per day, +0.12 million barrels per day on week.
US propane/propylene deliveries: 0.8 million barrels per day, -0.28 million barrels per day on week.
Key production and trade figures
US crude production: 11.0 million barrels per day, +0.2 million barrels per day on week.
US crude imports: 6.6 million barrels per day, +1.01 million barrels per day on week.
US crude exports: 2.9 million barrels per day, +0.39 million barrels per day on week.
US product imports: 2.8 million barrels per day, +0.11 million barrels per day on week.
US product exports: 5.5 million barrels per day, +0.9 million barrels per day on week.
