Wednesday May 7, 03:47 PM
U.S. crude oil inventories rise by more than expected in week to May 2 - EIA
LONDON (Thomson Financial) - Crude oil inventories in the United States rose by 5.7 million barrels in the week to May 2, much more than the expected 1.9 million barrel rise, according to data released by the U.S. Energy Information Administration.
Gasoline stocks rose by 800,000 barrels, against market expectations for a fall of 200,000 barrels, while distillate stocks -- which include heating oil -- decreased by 100,000 million barrels, against predictions for a 1.3 million barrel gain.
Refineries operated at 85.00 percent of their capacity, the EIA said, down from 85.40 percent in the previous week. Analysts had expected a rise of 0.5 percentage points.
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