US crude stocks, gasoline and distillate inventories fall, EIA says

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DENVER (Reuters) – U.S. crude stocks, gasoline and distillate inventories fell in the week ending May 10, the Energy Information Administration (EIA) said on Wednesday.

Crude inventories fell by 2.5 million barrels to 457 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 543,000-barrel draw.

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 341,000 barrels, the EIA said.

Refinery crude runs rose by 307,000 barrels per day, while refinery utilization rates rose by 1.9 percentage points in the week, according to the EIA.

U.S. gasoline stocks fell by 0.2 million barrels in the week to 227.8 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 0.5 million-barrel build.​

Distillate stockpiles, which include diesel and heating oil, fell by 45,000 barrels in the week to 116.4 million barrels, versus expectations for a 0.8 million-barrel rise, the EIA data showed.

Net U.S. crude imports rose last week by 108,000 barrels per day, EIA said.

(Reporting by Liz Hampton in Denver)