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US crude oil inventories rose 933,000 barrels last week
The US Petroleum Institute announced Wednesday that US crude oil inventories in the United States rose less-than-expected last week due to an increase in imports as gasoline stocks jumped and distillate stocks fell.
"Crude inventories rose by 933,000 barrels in the week ending February 23 to 421.2 million barrels, while analysts had forecast an increase of 2.1 million barrels, and crude stocks at the delivery center in Kashing, Oklahoma, fell 1.3 million barrels, .
"Petrol inventories jumped 1.9 million barrels last week, while analysts included in a Reuters poll forecast a 190,000 barrel decline. Distillate stocks, including diesel and heating oil, fell by 1.4 million barrels, Is expected to fall 709 thousand barrels. "
US crude oil imports last week rose 218,000 bpd to 7 million bpd. Finished
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