The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks gained +1.32 mmb to 1283 mmb in the week ended March 5. Crude oil inventory soared +13.8 mmb (consensus: +3 mmb,) to 498.4 mmb. The increase remained large although it’s smaller than last month’s 21.6 […]
The post US Crude Oil Inventory Increased to Highest Level This Year appeared first on Action Forex.