Dec 20 Reuters U.S. crude stocks, gasoline and distillate inventories rose last week, the U.S. Energy Information Administration EIA said on Wednesday.
Crude inventories rose by 2.9 million barrels in the week to Dec. 15 to 443.7 million barrels, compared with analysts39; expectations in a Reuters poll for a 2.3 millionbarrel drop.
EIA also said U.S. crude output rose to a record 13.3 million barrels per day bpd last week, up from the prior alltime high of 13.2 million bpd.
U.S. and Brent crude futures pared gains on the surprise build in crude stocks and the biggerthanexpected builds in gasoline and distillate inventories, and record weekly crude production.
Market participants didnt like the builds in the big three crude, gasoline and distillate inventories, said Giovanni Staunovo, analyst at UBS, a bank.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.7 million barrels in the last week, EIA said.
Refinery crude runs rose by 403,000 bpd in the last week, EIA said.
Refinery utilization rates rose by 2.2 in the week.
U.S. gasoline stocks rose by 2.7 million barrels in the week to 226.7 million barrels, EIA said, compared with analysts39; expectations in a Reuters poll for a 1.2 millionbarrel rise.
Distillate stockpiles, which include diesel and heating oil, rose by 1.5 million barrels in the week to 115 million barrels, versus expectations for a 500,000 barrel rise, the EIA data showed.
Net U.S. crude imports fell last week by 117,000 bpd, EIA…