By Kim Khan
Investing.com – Stockpiles of U.S. crude rose less than expected last week, the Energy Information Administration reported Wednesday.
Oil inventories rose by 1.9 million barrels for the week ended March 13, the EIA said. That compared with expectations for a build of about 3.3 million barrels, according to forecasts compiled by Investing.com.
Gasoline inventories plunged by 6.2 million barrels, versus forecasts for a decline of about 2.9 million barrels. Distillate stockpilesfell by 2.9 million barrels, compared with expectations for a drawdown of 2 million barrels.
WTI futures were remained down about 11% after the numbers
Breaking: Oil Inventories Rose by 1.9M Barrels Last Week: EIA
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