US ECONOMICS: Crude Oil Stocks Rise More than Expected in Week Ended March 19

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3 years ago
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million barrels in the week ended March 19, a larger increase than the 1.4 million barrel gain expected in a survey compiled by Bloomberg and following an increase of 2.4 million barrels in the previous week.

Crude oil stocks were rose by 0.2% from the previous week and were still up 4.6% from a year earlier.

Gasoline stocks rose by 0.2 million barrels, much smaller than the 1.3 million barrel increase expected. Gasoline stocks were up 0.1% from the previous week, but down 2.9% from a year earlier.

Distillate stocks rose by 3.8 million barrels in the current week, compared with an expected decrease of 0.5 million barrels. Distillate stocks were up 2.8% from the previous week and were 13.8% higher than in the same week a year ago.

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