The American Petroleum Institute said late Tuesday that U.S. crude supply fell 1 million barrels for the week ending March 12, according to sources. Reportedly, the data also showed gasoline stockpiles down 926,000 barrels, while distillate deposits rose by 904,000 barrels. Census data from the Energy Information Administration will be released on Wednesday. On average, the EIA is expected to show crude investments of up to 400,000 barrels, according to a study by analysts conducted by S&P Global Platts. The survey also shows expectations for investment reductions of 1.4 million barrels for gasoline and 900,000 barrels for brewers. April West Texas Intermediate Raw CLJ21,
it was at $ 64.92 a barrel in electronic commerce, compared to Tuesday’s settlement at $ 64.80 on the New York Mercantile Exchange.