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US Crude Oil, Gasoline Stocks Climb Last Week

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Washington, January 29 (QNA) - The US Energy Information Administration (EIA) reported today that crude oil and gasoline inventories in the United States rose last week, while distillate stocks fell.

The EIA, the statistical arm of the US Department of Energy, stated in its short-term energy outlook that crude stocks increased by 3.5 million barrels, reaching 415.1 million barrels.

Crude stocks at the Cushing, Oklahoma delivery hub rose by 326,000 barrels. Refinery crude runs dropped by 333,000 barrels per day last week, and refinery utilization rates decreased by 2.4 percent to 83.5 percent.

Gasoline stocks increased by 3 million barrels to 248.9 million, while distillate stocks, which include diesel and heating oil, fell by 5 million barrels to 124 million barrels. Weekly crude exports also decreased by 829,000 barrels per day to 3.69 million. (QNA)

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