Crude Stock Built Less than Expected while Fuel Inventories Declined Surprisingly

UPDATE: EIA's oil inventory data beat market expectations. Crude oil inventory increased +1.43 mmb to 343 mmb in the week ended March 5. The rise was lower than market expectations of +1.43 mmb. Cushing stock soared for a second consecutive week, by +0.63 mmb, to 30.6 mmb. Decline in fuel stockpiles is the bright spot.

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Crude Stock Built Less than Expected while Fuel Inventories Declined Surprisingly

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