Crude Oil Inventories Climb As OPEC Prepares to Open the Tap ...Middle East

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week. So far this year, crude oil inventories have climbed nearly 23 million barrels, according to Oilprice calculations of API data. Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million barrels again to 396.4 million barrels in the week ending March 28.…

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