U.S. crude inventories unexpectedly rose by 2.99 million barrels last week.

The U.S. Energy Information Administration (EIA) reported that crude oil inventories increased by 3M barrels last week, versus market expectations of a decline of 2.37M barrels.

During the period, gasoline inventories decreased by 1.9M barrels, versus expectations of a decrease of 1.62M barrels; distillate inventories fell by 4.98 million barrels, versus expectations of an increase of 568k barrels.

Crude oil imports increased by 568k barrels per day last week, while refinery capacity utilization declined by 0.8 percentage points.

GAS-1.98%
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