Crude inventories in the US increased by 13.80 million barrels in the week ended March 5th, following an 21.563 million increase in the previous week and compared with analysts’ estimates of a 0.816 million advance, according to the EIA Petroleum Status Report.
Cushing Crude Oil inventories rose by 0.526 million barrels, following a 0.485 million barrels increase from last week.
Gasoline inventories fell by 11.869 million barrels, following a 13.624 million decrease in the prior period, well above analysts’ expectations of 3.467 million barrels decline.
WTI Crude Oil (OIL.WTI) fell after the release of today's EIA report and is testing support level at $64.30. Source:xStation5
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