According to the DOE/EIA weekly report, total crude oil and petroleum products stocks jumped + 12.37 mmb to 1073.83 mmb in the week ended March 30. Crude stockpile increased +9.01 mmb to 362.40 mmb as driven by another week of huge 6.11 mmb build at PADD III. Cushing stock alone rose +0.73 mmb to 40.29 mmb. Utilization rate increased +1.2% to 85.7%.
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Crude Inventory Jumped Last Week
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