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U.S. crude inventories rise more than expected - EIA
U.S. crude stocks rose more than expected last week, while gasoline stocks increased and distillate inventories fell, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1.9 million barrels in the last week, compared with analysts' expectations for an increase of 467,000 barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.334 million barrels, EIA said. Refinery crude runs rose by 44,000 barrels per day, EIA data showed. Refinery utilization rates rose by 0.3 percentage points. Gasoline stocks rose by 1.8 million barrels, compared with analysts' ... (full story)