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MW: Crude inventories dropped 482,000 bbls last week
 
By David Bird
NEW YORK--U.S. crude inventories fell in the week ended Sept. 28, against expectations for an increase, according to data released Wednesday by the Energy Information Administration unit of the U.S. Department of Energy.

Crude oil stockpiles dropped 482,000 barrels to 364.7 million barrels, compared with an average survey estimate of a rise of 1.5 million barrels.

Gasoline stockpiles rose 114,000 barrels, to 195.9 million barrels, the EIA said in its weekly report. Analysts surveyed by Dow Jones Newswires expected a fall of 700,000 barrels.

Distillate stocks, which include heating oil and diesel fuel, dropped 3.689 million barrels to 124.1 million barrels, compared with analysts' forecast of a drop of 300,000 barrels.

Refining capacity utilization rose 0.8 percentage point to 88.2%. Analysts had expected a fall of 0.3 percentage point.





Figures in millions of barrels, except for refining use, which is reported in percentage points. Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts earlier in the week.

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