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U.S. Crude Oil Inventories Surge Much More Than Expected

Energy Markets & PricesCommodities & Raw MaterialsEconomic DataCommodity FuturesMarket Technicals & Flows

U.S. crude oil inventories rose significantly in the week ended March 20, according to the EIA. The build represents a near-term headwind for oil prices and is likely to exert downward pressure on energy-sector equities and oil futures.

Analysis

U.S. crude oil inventories rose significantly in the week ended March 20, according to the EIA. The build represents a near-term headwind for oil prices and is likely to exert downward pressure on energy-sector equities and oil futures.

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