EIA reports that US crude, gasoline, and distillate stocks rose last week.

The Energy Information Administration (EIA), which released its report on Wednesday, said that the U.S. crude, gasoline, and distillate inventory increased last week.

The EIA reported that crude inventories increased by 2.1 millions barrels, to 427.7million barrels during the week ended Nov. 1. This was a far cry from the 1.1 million barrels analysts had predicted in a recent poll.

Crude oil stocks at Cushing, Oklahoma's delivery hub, rose by 522,000 barrels during the past week.

U.S. crude oil prices rose after the report. Brent crude futures traded at $75.66 per barrel by 10:45 am EST (1545 GMT), up 13 cents. West Texas Intermediate crude climbed about 40 cents, to $72.37 per barrel.

The EIA reported that refinery crude production increased by 281,000 barrels a day during the past week.

The utilization rate of refineries increased by 1.4% to 90.5%.

The EIA reported that gasoline stocks increased by 412,000 barrels last week, to 211.3 millions barrels. Analysts had expected a draw of 878,000 barrels. ?

The EIA reported that distillate stocks, which includes diesel and heating oil rose by 2.9 millions barrels last week, as opposed to expectations of a 1.1-million barrel drop.

EIA reported that net U.S. crude oil imports increased by 1.7 millions barrels per day.

(source: Reuters)