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2020-04-02 14:45:00

U.S. OIL STOCKS UP

U.S. OIL STOCKS UP

PLATTS - 01 Apr 2020 - US crude inventories moved sharply higher last week as refinery throughputs cratered amid an historic collapse in gasoline demand, US Energy Information Administration data showed Wednesday.

Commercial crude stocks jumped 13.83 million barrels to 469.19 million barrels during the week ended March 27, EIA said. It was the second-largest build ever reported by EIA, behind a 14.42 million-barrel build in October 2016, when the Category 5 Hurricane Matthew stalked the US Atlantic Coast and Caribbean.

The build sharply narrowed…

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Earlier:

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