Crude Oil Inventory Gained for Another Week as Recession Fear Trimmed Demand

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -7.68 mmb to 1263.33 mmb in the week ended March 13. Crude oil inventory gained +1.95 mmb (consensus: +3.26 mmb) to 453.74 mmb. Stockpile rose in 3 out of 5 PADDs. PADD 3 (Gulf […]</p>
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