U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.
Crude inventories fell by 865,000 barrels to 409.8 million barrels in the week ended October 30, the EIA said, compared with analysts’ expectations in a Reuters poll for a 877,000-barrel rise.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 280,000 barrels in the week, the EIA said.
Oil futures edged lower following the report. Global Brent crude futures were trading at $101.3 per barrel, down $2.30 at 10:40 a.m. ET (1540 GMT), while US West Texas Intermediate futures were down $2.19 to $93.9 a barrel.
Refinery crude runs rose by 199,000 barrels per day in the week, the EIA said, while utilization rates rose by 1.7 percentage points in the week to 94.5%.
U.S. gasoline stocks fell by 222,000 barrels in the week to 209 million barrels, the EIA said, compared with analysts’ expectations in a Reuters poll for a 153,000-barrel build.
Distillate stockpiles, which include diesel and heating oil, fell by 3.6 million barrels in the week to 99.3 million barrels, versus expectations for a 100,000-barrel drop, the EIA data showed.
Net U.S. crude imports rose by 1.18 million barrels per day, EIA said.
(Reporting by Liz Hampton in Denver and Georgina McCartney in Houston; Editing by Chizu Nomiyama )