US DATA: Mar 4 wk EIA crude oil stocks: “U.S. commercial crude oil
inventories (excluding those in the Strategic Petroleum Reserve)
increased by 2.5 million barrels from the previous week. At 348.9
million barrels, U.S. crude oil inventories are above the upper limit of
the average range for this time of year. Total motor gasoline
inventories decreased by 5.5 million barrels last week and are above the
upper limit of the average range. Both finished gasoline inventories and
blending components inventories decreased last week. Distillate fuel
inventories decreased by 4.0 million barrels and are above the upper
limit of the average range for this time of year. Propane/propylene
inventories decreased by 1.4 million barrels last week and are below the
lower limit of the average range. Total commercial petroleum inventories
decreased by 6.3 million barrels last week.