By Anthony Harrup


U.S. crude oil inventories rose last week along with gasoline and distillate stocks as refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration.

Commercial crude oil stocks excluding the Strategic Petroleum Reserve were up by 1.2 million barrels at 455.9 million barrels in the week ended May 31, and were about 4% below the five-year average for the time of year, the EIA said.

Analysts surveyed by The Wall Street Journal had predicted crude stockpiles would fall by 1.6 million barrels. 


 
Change in U.S. oil inventories for the week ended May 31: 
 
                   Crude       Gasoline      Distillates         Refinery Use 
EIA data:           1.2           2.1            3.2                  1.1 
Forecast:          -1.6           0.9            1.4                  0.2

Note: Numbers in millions of barrels, with the exception of refinery use, which is in percentage points.


Write to Anthony Harrup at anthony.harrup@wsj.com


(END) Dow Jones Newswires

06-05-24 1107ET