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Pre Session Commentary - Detailed News

Energy Preview: EIA Reports Crude Inventory Build Of 3.2 Million Barrels
28-Mar-24   08:50 Hrs IST

The Energy Information Administration reported an inventory build of 3.2 million barrels for the week to March 22. This compared with a draw of 2 million barrels for the previous week, when the EIA also estimated a sizeable draw in gasoline inventories, which helped support prices. For the week to March 22, the EIA reported more mixed changes in fuels. Gasoline stocks added 1.3 million barrels over the reporting period, with production averaging 9.2 million bpd. This compared with a draw of 3.3 million barrels for the previous week, when production stood at a daily average of 9.6 million barrels.

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