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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. The Brent benchmark was trading

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Draws in Fuel Stocks Counter Crude Inventory Build

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 4.247 million barrels for the week ending March 7. million-barrel build. So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data.