U.S. Crude Ctocks, Gasoline and Distillate Inventories Rise – EI

Crude inventories rose by 1.2 million barrels to 455.9 million barrels in the week ended May 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 854,000 barrels, the EIA said.

Refinery crude runs rose by 61,000 barrels per day, the EIA said. Refinery utilization rates rose by 1.1 percentage points in the week.

U.S. gasoline stocks rose by 2.1 million barrels in the week to 230.9 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2 million-barrel build.​

Distillate stockpiles, which include diesel and heating oil, rose by 3.2 million barrels in the week to 122.5 million barrels, versus expectations for a 2.5 million-barrel rise, the EIA data showed.

Net U.S. crude imports rose last week by 13,000 barrels per day, EIA said.

(Reporting by Nicole Jao in New York)