U.S. Crude Oil and Strategic Reserves Reported for March 27

The U.S. Energy Information Administration (EIA) reported changes in crude oil and strategic reserves for the week ending March 27. According to Odaily, the strategic petroleum reserve decreased by 378,000 barrels, compared to the previous week's unchanged level. Crude oil inventories rose by 5.451 million barrels, surpassing the expected increase of 814,000 barrels and the previous week's 6.926 million barrels. Additionally, crude oil stocks at Cushing, Oklahoma, increased by 520,000 barrels, up from the previous week's 3.421 million barrels.