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EIA: US crude inventory buildup above forecasts
The Energy Information Administration released its report on US crude stocks, showing a buildup of 3.0 million barrels in the week ending February 23, compared to a 1.6M drop in the previous reading, while analysts expected a 2.4M rise, with total stocks now reaching 423.5 million barrels, remaining within the medium range on average in this time of year.
Gasoline stocks rose 2.5 million barrels, while distillate stocks, including heating fuel, fell 1.0 million barrels, remaining within the medium range on average in this time of year.
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