EIA: US crude stockpiles rise less than expected

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The US Energy Information Administration (EIA) reported that US crude oil inventories increased by 95,000 barrels last week, while analysts had expected a rise of 1.6 million barrels. Crude stocks at Cushing, Oklahoma, the delivery point for US crude futures, rose by 1.2 million barrels. Gasoline inventories fell by 2.5 million barrels, more than the 700,000-barrel decline analysts had forecast. Distillate inventories, which include heating oil and diesel, decreased by 2.2 million barrels, versus an expected drop of 1.6 million barrels.

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