Oil Pares Gains as API estimated Huge Inventory Builds

After market close, API's report nonetheless brought investors back to the hard fact that oil market in the US remains weak. Crude oil inventory added +7.5 mmb in the week ended March 19. Although both gasoline and distillate stockpiles fell, both missed expectations. The market eyes on the US Energy Department's report today.

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Oil Pares Gains as API estimated Huge Inventory Builds