Story perspectives
US Oil Stocks Surge, Exports Jump Over 40%
3/21/2025
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Story summary
- US crude oil stocks rose by 1.7 million barrels, reaching 437 million barrels, the highest since July 2024.
- The Strategic Petroleum Reserve increased by 300,000 barrels to 395.9 million barrels, the highest since November 2022.
- Oil exports surged over 40% to 4.64 million barrels per day, while crude imports decreased by 1.56%.
- WTI crude oil prices increased by 0.30% to $67.20 following the data release.
