US Crude Oil, Product Inventories Rise

AI Briefing

• – Crude oil inventories rose 2.3 million barrels in the week ending March 20.
• – Analysts expected a 1.3 million barrel draw, but US production fell for the fourth time this year.
• – US SPR inventories remain at 415.4 million barrels, 310.1 million barrels shy of maximum capacity.