EIA: US crude inventories rose last week, gasoline stocks declined

According to the Energy Information Agency, the commercial crude inventories in the US rose 4.3 million barrels in the week ending 11 March 2022, to 415.9 million barrels, which was attributed to the disruption on the Marathon Pipeline.

Gasoline stocks, on the other hand, continued to decline 3.6 million barrels in the same week, signalling the steady demand in the country. 

Refinery utilization rates gained 1.1 percentage points to 90.4% as companies prepare for the summer driving season