[Editor’s note: This story was updated at 10:42 a.m. CT March 22.]U.S. crude oil stocks rose to a fresh record last week, the Energy Information Administration (EIA) said March 22, as a surge in imports and rising domestic production more than offset a hike in refinery runs.Crude stocks in the world’s top oil consumer have been building since the beginning of the year and undermining hopes that an OPEC-led deal to cut production will reduce a persistent global glut.The total amount of crude in U.S. storage rose to a new high led by gains in the East Coast, Rocky Mountains and Midwest, where new regional records were set, according to EIA data.
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Source: Daily Dose of ShaleDirectories.com News
March 22, 2017