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Statistics released by the U.
S.
Energy Information Administration (EIA) on Thursday showed a significant increase
in U.
S.
crude inventories in the week ending Oct.
5 due to refinery production cuts.
In addition, U.
S.
gasoline inventories increased last week, while distillate inventories decreased
.
Statistics show that U.
S.
crude inventories increased by 6 million barrels last week, while analysts expected an increase of 2.
6 million barrels
.
Crude inventories in Cushing, Oklahoma, increased by 2.
4 million barrels
last week, the EIA said.
EIA statistics also show that U.
S.
refineries processed 352,000 barrels per day of crude last week
.
Refinery utilization fell by 1.
6 percentage points
.
Net U.
S.
crude imports fell by 1.
4 million barrels
per day last week.
Statistics released by the U.
S.
Energy Information Administration (EIA) on Thursday showed a significant increase
in U.
S.
crude inventories in the week ending Oct.
5 due to refinery production cuts.
In addition, U.
S.
gasoline inventories increased last week, while distillate inventories decreased
.
Statistics show that U.
S.
crude inventories increased by 6 million barrels last week, while analysts expected an increase of 2.
6 million barrels
.
Crude inventories in Cushing, Oklahoma, increased by 2.
4 million barrels
last week, the EIA said.
EIA statistics also show that U.
S.
refineries processed 352,000 barrels per day of crude last week
.
Refinery utilization fell by 1.
6 percentage points
.
Net U.
S.
crude imports fell by 1.
4 million barrels
per day last week.
