U.S. crude oil stocks fell unexpectedly last week as net imports fell to record lows, despite production growing to all-time highs and abundant inventories at the Cushing, Oklahoma hub, the Energy Information Administration said on Wednesday. After five consecutive weekly builds, nationwide crude inventories fell 8.6 million barrels in the week to Feb. 22, compared with analysts’ expectations for an increase of 2.8 million barrels. However, crude stocks at Cushing, the delivery hub for U.S. crude futures rose 1.6 million barrels to 46.7 million barrels, the highest since December 2017. Crude production continued to grow to a record high of 12.1 million barrels per day, rising 100,000 bpd from the all-time high in previous week. Net U.S. crude imports fell last week by 1.4 million bpd to […]