';
document.write(write_html);
} Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million barrels to 395.6 million barrels in the week ending March 7. Inventory levels in the SPR are hundreds of millions shy of the levels in inventory prior to the SPR withdrawal that took place under the Biden Administration. At 4:26 pm ET, Brent crude was trading up $0.31 (+0.45%) on the day at $69.59—a $0.50 per barrel dip from this time last week. The U.S. benchmark WTI was trading up on the day as well, by $0.25 (+0.38%) at $66.28—a nearly $1 per barrel decrease from last week’s level. Gasoline inventories fell in the week ending March 7, by 4.560 million barrels, after falling by 1.249 million barrels in the week prior. As of last week, gasoline inventories are now 1% above the five-year average for this time of year, according to the latest EIA data.
