U.S. crude oil, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.
Crude inventories rose by 2.1 million barrels to 427.7 million barrels in the week ending Nov. 1, the EIA said, compared with analysts’ expectations in a Reuters poll for a 1.1 million-barrel rise.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 522,000 barrels in the week.
U.S. oil prices were up following the report. Brent crude futures were trading around $75.66 a barrel, up 13 cents by 10:45 a.m. EST (1545 GMT). West Texas Intermediate crude rose about 40 cents to $72.37 a barrel.
Refinery crude runs rose by 281,000 barrels per day in the week, the EIA said.
Refinery utilization rates rose by 1.4% percentage points to 90.5% of total capacity.
Gasoline stocks rose by 412,000 barrels in the week to 211.3 million barrels, the EIA said, compared with analysts’ expectations for a 878,000-barrel draw.
Distillate stockpiles, which include diesel and heating oil, rose by 2.9 million barrels in the week to 115.8 million barrels, versus expectations for a 1.1 million-barrel drop, the EIA data showed.
Net U.S. crude imports rose by 1.7 million barrels per day, EIA said.
(Reporting by Georgina McCartney in Houston Editing by Marguerita Choy)