US crude stockpiles fall to 1-year low as imports fall, EIA says
Adds export figure in paragraph 4
By Georgina McCartney and Laila Kearney
HOUSTON, Sept 5 (Reuters) -U.S. crude oil inventories fell to their lowest since September 2023 as imports dropped, while gasoline stockpiles rose with the end of the summer driving season, the Energy Information Administration (EIA) said on Thursday.
Crude inventories, excluding the Strategic Petroleum Reserve, fell by 6.9 million barrels to 418.3 million barrels in the week ending Aug. 30, the EIA said, compared with analysts' expectations in a Reuters poll for a 993,000-barrel draw.
"As far as the crude oil number is concerned, it's because of a big pullback in the import numbers,” said Bob Yawger, director of energy futures at Mizuho.
Net U.S. crude imports USOICI=ECI fell last week by 853,000 barrels per day (bpd) to 2.0 million bpd, the EIA said, while exports rose 85,000 bpd to 3.8 million bpd.
U.S. crude oil futures CLc1 and Brent crude futures LCoc1 extended gains following the report, rising 2% and 1.6% respectively. O/R
Crude stocks at the Cushing, Oklahoma, delivery hub for U.S. futures USOICC=ECI fell by 1.1 million barrels, the EIA said.
Refinery crude runs USOICR=ECI rose by 36,000 bpd in the week, while refinery utilization rates USOIRU=ECI were unchanged at 93.3% of total capacity.
"Refinery runs remain elevated, so there's demand for the crude," said John Kilduff, partner at Again Capital in New York.
Gasoline stocks USOILG=ECI rose by 800,000 barrels in the week to 219.2 million barrels, the EIA said, compared with expectations for a 700,000-barrel draw.
"It's a mixed picture, which shows demand normalizing towards post-summer driving season levels,” said Again Capital's Kilduff.
Gasoline product supplied, a proxy for demand, fell to 8.9 million bpd in the week from 9.3 million bpd.
U.S. gasoline futures RBc1 extended losses, dipping 0.4% after the data showed the unexpected build.
Distillate stockpiles USOILD=ECI, which include diesel and heating oil, fell by 400,000 barrels in the week to 122.7 million barrels, versus expectations for a 500,000-barrel rise, the EIA data showed.
U.S. diesel futures HOc1 rose 1.7% following the surprise drawdown.
Reporting by Georgina McCartney in Houston and Laila Kearney in New York
Editing by Marguerita Choy
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.