<p>New York: US crude and gasoline stocks fell by more than expected last week as refineries ramped up activity, while distillate stocks rose, the Energy Information Administration (EIA) said on Wednesday.</p><p>Global Brent and US West Texas Intermediate (WTI) futures were up following the report.</p><p>Crude inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, the EIA said on Wednesday, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel draw.</p><p>Crude stocks at the Cushing, Oklahoma, delivery hub fell by 702,000 barrels in the week, the EIA said.</p>.Oil prices steady after large draw from US crude inventories. <p>Refinery crude runs rose by 317,000 barrels per day, while utilization rates rose by 1.9 percentage points in the week, the EIA said.</p><p>"A rebound in refinery runs last week helped usher in a crude inventory draw," said Kpler analyst Matt Smith.</p><p>"Despite higher refining activity, gasoline inventories drew amid ongoing strong implied demand ahead of the long holiday weekend," Smith said.</p><p>US gasoline stocks fell by 2 million barrels in the week to 229.7 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel draw.</p><p>Distillate stockpiles, which include diesel and heating oil, rose by 4.9 million barrels in the week to 124.6 million barrels, versus expectations for a 0.8 million-barrel rise, the EIA data showed.</p><p>US diesel futures and gasoline futures pared losses after the report.</p><p>Net US crude imports rose last week by 615,000 barrels per day, EIA said. </p>
<p>New York: US crude and gasoline stocks fell by more than expected last week as refineries ramped up activity, while distillate stocks rose, the Energy Information Administration (EIA) said on Wednesday.</p><p>Global Brent and US West Texas Intermediate (WTI) futures were up following the report.</p><p>Crude inventories fell by 3.4 million barrels to 445.1 million barrels in the week ended July 5, the EIA said on Wednesday, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel draw.</p><p>Crude stocks at the Cushing, Oklahoma, delivery hub fell by 702,000 barrels in the week, the EIA said.</p>.Oil prices steady after large draw from US crude inventories. <p>Refinery crude runs rose by 317,000 barrels per day, while utilization rates rose by 1.9 percentage points in the week, the EIA said.</p><p>"A rebound in refinery runs last week helped usher in a crude inventory draw," said Kpler analyst Matt Smith.</p><p>"Despite higher refining activity, gasoline inventories drew amid ongoing strong implied demand ahead of the long holiday weekend," Smith said.</p><p>US gasoline stocks fell by 2 million barrels in the week to 229.7 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 0.6 million-barrel draw.</p><p>Distillate stockpiles, which include diesel and heating oil, rose by 4.9 million barrels in the week to 124.6 million barrels, versus expectations for a 0.8 million-barrel rise, the EIA data showed.</p><p>US diesel futures and gasoline futures pared losses after the report.</p><p>Net US crude imports rose last week by 615,000 barrels per day, EIA said. </p>