Oil Slips On Small Crude Inventory Build ...Middle East

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Oil Slips On Small Crude Inventory Build
source : OILPRICE ( Middle East ) () 21
U.S. crude oil inventories went up by 1.9 million barrels in the week to March 19, the Energy Information reported, adding that at 502.7 million barrels, inventories were 6 percent above the five-year average for this time of year. The figure compares with a build of 13.8 million barrels reported for the previous week. Analysts had expected the EIA to report an inventory decline of some 900,000 barrels. A day earlier, the American Petroleum Institute reported a crude oil inventory build of 2.927 million barrels for last week. In gasoline, the EIA…

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