US oil stocks are down

The US Energy Information Administration said on Wednesday: "US crude oil inventories fell by about 11 million barrels last week."

Although refineries reduced production, gasoline inventories declined and distillate inventories increased.

Oil prices rose Wednesday to continue their gains, penalized by a larger drop than expected US stocks.

Crude inventories fell 10.8 million barrels in the week ending July 19, while Reuters forecast a drop of 4 million barrels.

"Crude stocks at the Cushing, Oklahoma, delivery center have fallen by 429,000 barrels," the Energy Information Administration said.

US stocks of crude oil fell more than expected during the week ending July 19, down 11 million barrels, to settle at $ 449 million, the US Institute announced Tuesday. of oil, while badysts expected a fall of 4 million barrels.

The Energy Information Administration showed that the consumption rate of crude oil refineries decreased by about 233,000 barrels per day, while refinery operating rates decreased by 1.3 percentage points.

Gasoline inventories decreased by 226,000 barrels, while badysts expected a drop of 730,000 barrels.

Data from the Energy Information Administration showed that stocks of distillates, including diesel and fuel oil, increased by 613,000 barrels compared to the forecast increase of 499,000 barrels.

Crude oil imports from the United States last week dropped 562,000 b / d.