API: Oil inventory build lower than expected

|By:, SA News Editor

U.S. crude supplies rose 1.5M barrels in the week ended March 11, according to the API, vs. expectations for a 2.7M barrel build.

The EIA releases its estimate tomorrow.

Oil has moved higher since the news hit, now at $36.77 per barrel vs. $36.40 a few minutes ago, and a low earlier in the day at about $36.

USO +0.7% after hours

ETFs: USO, OIL, UCO, UWTI, SCO, BNO, DWTI, DBO, DTO, UGA, USL, DNO, UHN, OLO, SZO, OLEM

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