Crude Stocks Jump 14 Mln Barrels -EIA

U.S. crude stocks rose sharply last week as refineries cut output, while gasoline stocks decreased and distillate inventories fell, the U.S. Energy Information Administration showed on Wednesday.

Crude inventories rose by 14.4 million barrels in the last week, compared with analysts' expectations for an increase of 1.0 million barrels.

U.S. crude imports rose last week by 1.99 million barrels per day.

Crude stocks at the Cushing, Oklahoma, delivery hub rose by 89,000 barrels, EIA said.

Refinery crude runs fell by 104,000 barrels per day, EIA data showed. Refinery utilization rates fell by 0.4 percentage points.

Gasoline stocks fell by 2.2 million barrels, compared with analysts' expectations in a Reuters poll for a 1.1 million barrels drop.

Distillate stockpiles, which include diesel and heating oil, fell by 1.8 million barrels, versus expectations for a 1.9 million barrels drop, the EIA data showed.

(Reporting By David Gaffen)