According to the DOE/EIA weekly report, total crude oil and petroleum products stocks gained +6.32 mmb to 1061.47 mmb in the week ended March 23. Crude stockpile increased +7.10 mmb to 353.39 mmb as driven by a huge 5.98 mmb build at PADD III. Cushing stock alone rose +1.04 mmb to 39.56 mmb. Utilization rate increased +2.3% to 84.5%.
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