Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws ...Middle East

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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws
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Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. crude oil inventories amid strong product draws. The Brent benchmark was trading…

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