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U.S. crude stocks gain 1.91 million barrels last week-API

Published 03/28/2017, 04:47 PM
Updated 03/28/2017, 04:48 PM
© Reuters.  API crude

Investing.com - U.S. crude stocks rose a more than expected 1.91 million barrels, the American Petroleum Institute (API) said late Tuesday, with gasoline stocks down a less than expected 1.10 million barrels and distillates down a more than expected 2.04 million barrels.

Supplies at the oil storage hub of Cushing, Oklahoma, fell 580,000 barrels.

On Wednesday, the U.S. Energy Information Administration will release official data on inventories.

Updated estimates of analyst expectations for inventories show expectations of a 1.357 million barrels build in crude, a 1.234 million barrels fall in distillates, and a 1.886 million drop in gasoline stocks.

Latest comments

What does it mean?.
higher all time record crude inv. glut. And we bet the cushing tomorrow to be more pumped and the gasolines draw to be less. that will bring the price really down. let's see. our mshort to mid-term target 46 - 44.76
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