US crude oil inventories for the week ending March 20 increased by 6.926 million barrels, far exceeding expectations

GateNews

2026-03-25 15:02:39

Gate News Report, March 25 — The U.S. Energy Information Administration (EIA) released data showing that U.S. crude oil inventories increased by 6.926 million barrels for the week ending March 20, far exceeding market expectations of 477,000 barrels, with the previous value at 6.156 million barrels. Cushing, Oklahoma (a major U.S. crude oil delivery point), saw an increase of 3.421 million barrels, compared to the previous 944,000 barrels. Strategic petroleum reserve inventories remained at 0 barrels, unchanged from the previous period.

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