NEW YORK, Feb 24 (Reuters) – U.S. crude stockpiles rose sharply, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.
U.S. crude stockpiles rise, fuel inventories fall – EIA
Crude inventories (USOILC=ECI) rose by 4.5 million barrels in the week to Feb. 18 to 416 million barrels, the EIA said, much more than analysts’ expectations in a Reuters poll for a 400,000-barrel build.
Crude stocks at the Cushing, Oklahoma, storage hub and delivery point for U.S. crude futures (USOICC=ECI) fell by 2 million barrels to 23.8 million barrels in the week, their lowest level since September 2018.
“The Cushing situation is getting worrisome,” said John Kilduff,
