piatok, 14 marca, 2025
HomeHomeDraws in Fuel Stocks Counter Crude Inventory Build - OilPrice.com

Draws in Fuel Stocks Counter Crude Inventory Build – OilPrice.com

Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Click Here for 150+ Global Oil Prices Link
Draws in Fuel Stocks Counter Crude Inventory Build
Find us on:
Turkmenistan is expanding its natural…
Ontario has implemented a 25%…
Julianne Geiger
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.
More Info
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. Analysts had expected a 2.1 million-barrel build.
So far this year, crude oil inventories have climbed nearly 17 million barrels, according to Oilprice calculations of API data.

';
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.

`;
document.write(write_html);
}

Distillate inventories saw a build this week, adding 421,000 barrels in the latest week. In the week prior, distillate inventories rose 1.136 million barrels. Distillate inventories were already about 6% below the five-year average as of the week ending February 28, the latest EIA data shows.
Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma, fell 1.196 million barrels for the week, after rising 1.630 million barrels in the week prior.
More Top Reads From Oilprice.com
Join the discussion | Back to homepage
Previous Post
EIA STEO: Oil’s Tight Squeeze To Create Price Pop Before the Drop
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

Saudi Arabia’s Texas Refinery Just Made a Power Move
Mexico Reaches Out to Europe and Asia Oil Buyers After U.S. Tariffs Hit
Gulf Refiners Shun “Watery” Pemex Crude
U.S. Oil Industry Braces For More Pain As Inventories Continue to Grow
Oil Prices Defy Trump’s Trade Tariffs
ADVERTISEMENT
Why Tesla Sales are Plummeting
U.S. Crude Stockpiles Climb as Oil Prices Tumble Below $70
Will Modi’s Visit To Washington Result In More U.S. Oil & Gas for India?
The End of Coal Is Nowhere In Sight

© OilPrice.com
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com

source

RELATED ARTICLES

Most Popular

Recent Comments