EIA: US crude inventory buildup above forecasts

The Energy Information Administration released its report on US crude inventories, showing a buildup of 5 million barrels in the week ending March 9, adding to the 2.4M increase in the previous reading, while analysts expected only a 2.2M buildup, with total stocks now reaching 430.9 million barrels, settling into the lower medium range on average in this time of year. 

Gasoline stocks fell 6.3 million barrels, while distillate stocks, including heating fuel fell 4.4 million barrels, also settling into the medium range on average in this time of year.