The February 27th inventory report showed an increase in Crude Oil supplies by 3.2 million barrels and an increase in Gasoline by 2.3 million barrels. The increase in gasoline supplies was much higher than originally expected. Crude Oil supplies at Cushing Oklahoma also went up by 200,000 barrels.
To view a recent article on the matter, please click here:
http://www.marketwatch.com/news/story/crude-dips-after-weekly-data/story.aspx?guid=%7B2F64FD79%2DFCBE%2D4990%2DA1B0%2D18E00FA9B1F8%7D&dist=sp_inthis
Jim Sutliff