U.S. crude stocks fell last week, while gasoline and distillate inventories rose, data from the Energy Information Administration (EIA) showed on Wednesday. Crude inventories fell 4.41 million barrels to 455.28 million in the last week, a bigger decline than the decrease of 1.5 million barrels that analysts had expected. U.S. crude imports fell last week by 370,000 barrels per day (bpd) to 6.6 million bpd, or about 2.5 million barrels over the course of the week. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 542,000 barrels, EIA said. “The report was distinctly bullish for crude, with refining up and imports down, while modest builds for the products tilts bearish,” said Matt Smith, director of commodity research at Clipper Data in New York. After initially extending […]