weekly inventoriesNEW YORK -(Dow Jones)- U.S. crude-oil inventories rose in the week ended Nov. 14, exceeding analysts' expectations, according to data released Wednesday by the U.S. Department of Energy.
Crude stockpiles increased by 1.6 millionbarrels to 313.5 million barrels, the department's Energy Information Administration said in its weekly report. That compared with an average forecast of an 800,000-barrel build in a Dow Jones Newswires survey. Gasoline inventories rose by 500,000 barrels to 198.6 million barrels, compared with an average survey estimate of a 100,000-barrel gain.
Distillate stockpiles fell by 1.5 million barrels to 126.9 million barrels, where analysts had anticipated a 600,000-barrel build.
Refinery use rose 0.3 percentage points to 84.9% of capacity. Analysts had expected a 0.1 percentage point decrease.
U.S. Oil Inventories:For week ended Nov. 14. Crude Gasoline Distillates Refinery UseEIA data: +1.6 +0.5 -1.5 +0.3Forecast: +0.8 +0.1 +0.6 -0.1
Figures in millions of barrels, except for refining capacity, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.
-By Brian Baskin, Dow Jones Newswires; 201-938-2062; brian.baskin@dowjones.com
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