US Crude Oil Inventory Jumped amidst Price Selloff

<p>The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -7.58 mmb to 1271.01 mmb in the week ended March 6. Crude oil inventory soared +7.66 mmb (consensus: +2.27 mmb) to 451.78 mmb. Stockpile rose in 3 out of 5 PADDs. PADD 3 (Gulf […]</p>
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