The US Energy Information Administration reported today that US stocks of crude oil, gasoline and distillates witnessed a strong rise last week, according to the US Energy Information Administration today, Wednesday. / p>
crude stockpiles rose 15.2 million barrels over the week ending December 2 to 503.2 million barrels, while analysts in a Reuters poll expected a decline of 1.4 million barrels .
Crude stocks at the delivery point in Cushing, Oklahoma, declined by 1.4 million barrels last week, while crude consumption at refineries grew by 424 thousand barrels per day over the week . The refinery capacity utilization rate increased by 1.7 percentage points.
US gasoline stocks increased 4.2 million barrels to 237.9 million barrels, while analysts in the Reuters poll expected a rise of 2.3 million barrels.
Distillate stocks, which include diesel and heating oil, grew 5.2 million barrels to 151.1 million barrels, while they were expected to rise 1.4 million barrels, and net imports rose The United States has 2.7 million barrels per day of crude, according to the Energy Information Administration.
