U.S. Oil Supply Rose a Sixth Week, Bloomberg Survey Shows
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U.S. crude stockpiles probably rose for a sixth week, the longest series of gains since May, as a glut forms at Cushing, Oklahoma, the country’s biggest oil-trading hub, a Bloomberg News survey showed.
Inventories climbed 1.13 million barrels in the seven days ended Feb. 18 from 345.9 million a week earlier, according to the median of 12 analyst estimates before an Energy Department report on Feb. 24. Ten respondents forecast an increase and two projected no change.