Crude Oil Inventory Increased More than 7M Barrels Last Week
BonTrade***UPDATE: According to the US Energy Department, crude oil inventory surged +7.25 mmb to 351.3 mmb in the week ended March 19. The increase exceeded market expectations but inline with API's estimates. Cushing stock also rose +0.53 mmb. Decline in oil products was nevertheless more than anticipated with both gasoline and distillate stockpiles drawing more than -2 mmb.
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Crude Oil Inventory Increased More than 7M Barrels Last Week
