US Crude Stocks rise unexpectedly

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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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US Crude Stocks rise unexpectedly

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