The American Petroleum Institute reported late Tuesday that U.S. crude supply rose 2.9 million barrels for the week ending March 19, according to sources. The data also reportedly showed gasoline stockpiles down 3.7 million barrels, while distilling investments rose 246,000 barrels. Raw stocks at the Cushing, Okla. Storage facility, meanwhile, were down 2.3 million barrels for the week, sources said. Census data from the Energy Information Administration will be released on Wednesday. On average, the EIA is expected to show crude investments down 1.7 million barrels, according to a study by analysts conducted by S&P Global Platts. The survey also shows expectations for investment benefits of 900,000 barrels for gasoline and 200,000 barrels for brewers. May West Texas Intermediate Raw CLK21,
it was at $ 57.42 a barrel in electronic commerce, compared to Tuesday’s settlement at $ 57.76 on the New York Mercantile Exchange.