Crude Inventory Increased Less than Expected
LorieFuller31According to the DOE/EIA weekly report, total crude oil and petroleum products stocks declined -1.42 mmb to 1058.04 mmb in the week ended March 2. Crude stockpile increased +0.83 mmb to 345.70 mmb as stocks gained in 4 out of 5 PADDs. Cushing stock soared +2.37 mmb to 36.18 mmb. Utilization rate increased -0.3% to 83.9%.
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Crude Inventory Increased Less than Expected
