March 18, 2025 20:45 GMT
OIL: US Crude Stocks Rise But Products Decline
OIL
Bloomberg reported that there was a US crude inventory build of 4.59mn barrels last week, according to people familiar with the API data. However, they fell 1.14mn at Cushing and there was a product stock drawdown of 1.71mn barrels for gasoline and 2.15mn for distillate. The official EIA data is out later on Wednesday.
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