Highlights Commercial crude stocks up 9.93 million barrels at 470.57 million barrels Imports notch 10-week high at 7.41 million b/d Refinery utilization falls below 90% on Midwest turnarounds New York — US crude stocks moved sharply higher last week as rising production and stepped-up imports outpaced turnaround-hampered refinery demand, US Energy Information Administration data showed Wednesday. Commercial crude stocks grew 9.93 million barrels to 470.57 million barrels during the week ended April 26, according to EIA data. Inventories have held within 1% of the five-year average since late March but last week’s build pushed them more than 2.2% above this level, opening the widest surplus since the week-ended March 1. The bulk of the crude build was realized on the US Gulf Coast, where inventories surged 9.17 million barrels to 244.6 million barrels, the highest since September […]