US Crude Oil Stocks Unexpectedly Rise: EIA

US crude inventories rose by 1.925 million barrels to 465.7 million barrels in the week ended April 17, compared with expectations for a 1.2 million barrel draw. Stocks at the Cushing, Oklahoma hub increased by 806,000 barrels. Refinery activity eased, with crude runs falling by 55,000 barrels per day and utilisation rates down 0.5 percentage points. In contrast, fuel stocks tightened more than expected. Gasoline inventories dropped by 4.6 million barrels to 228.4 million, compared with forecasts for a 1.5 million barrel decline. Distillate stocks, including diesel and heating oil, fell by 3.4 million barrels to 108.1 million, also exceeding expectations for a 2.5 million barrel draw. Net US crude imports rose by 1.21 million barrels per day over the week.

US crude inventories fell by 913,000 barrels to 463.8 million in the week ended April 10, defying expectations for a 200,000 barrel increase. Stocks at the Cushing Oklahoma hub dropped by 1.7 million barrels, marking the largest decline since January 2025. Refinery activity softened, with crude runs down by 208,000 barrels per day and utilization rates falling 2.4 percentage points to 89.6%. Gasoline inventories declined by 6.3 million barrels to 232.9 million, exceeding forecasts for a smaller 2.1-million-draw. Distillate stocks, including diesel and heating oil, fell by 3.1 million barrels to 111.6 million, also surpassing expectations for a 2.4 million-barrel drop. Meanwhile, net US crude imports decreased by 2.11 million barrels per day, the most since September 2025.

US crude inventories rose by 3.1 million barrels to 464.7 million barrels in the week ended April 3, compared with market expectations for a 701,000-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 24,000 barrels in the week. Refinery crude runs fell by 129,000 barrels per day, while utilization rates fell by 0.1 percentage points to 92% in the week. US gasoline stocks fell by 1.6 million barrels in the week to 239.3 million barrels, compared with expectations for a 1.4 million-barrel draw. Distillate stockpiles, which include diesel and heating oil, fell by 3.1 million barrels in the week to 114.7 million barrels, versus expectations for a 1.5 million-barrel drop. Net US crude imports fell last week by 758,000 barrels per day, EIA said.