US Crude Stocks rise unexpectedly

Crude inventories in the US rose 21.563 million barrels in the week ended February 26th, following an 1.285 million increase in the previous week and compared with analysts’ estimates of a 0.928 million drop, according to the EIA Petroleum Status Report.

Cushing Crude Oil inventories dropped to 0.485 million barrels, following a 2.807 million barrels increase from last week.

Gasoline inventories decreased by 13.624 million barrels, following a 0.012 million increase in the prior period and below analysts’ expectations of 2.3 million barrels decline.

The publication of today's report did not have a significant impact on the oil prices. WTI Oil (OIL.WTI) continues to trade around the $60,70 level. Source: xStation5

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