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EIA: US crude oil inventories up 2.4 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 2.4 million bbl for the week ended Mar. 2 vs. the previous week, the US Energy Information Administration said.
The latest estimate is 425.9 million bbl, putting oil in storage in the lower half of the average range for this time of year, EIA said.
The report also said total motor gasoline inventories decreased 800,000 bbl and are in the upper half of the average range. Finished gasoline inventories decreased last week. Blended components inventories remained unchanged. Distillate fuel inventories decreased 600,000 bbl last week and are in the middle of the average range for this time of year.
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