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Crude Inventory Build Greater Than Expected - Crude ETF Slips in After-Hours

United States Oil Fund ( USO ) is off 0.8% in evening trading.

Crude oil inventories rose 5.7 million barrels for the week ended March 25, the American Petroleum Institute said late Tuesday. That's more than analyst expectations for an increase of 2.2 million barrels, according to Platts.

Gasoline stocks declined 1.9 million barrels, in line with analyst forecasts. Inventories of distillates, which include diesel and heating oil, declined 112,000 barrels. The analysts surveyed had expected a decline of 1.4 million barrels.

Government data on supplies is due out Wednesday at 10:30 a.m. ET.

Light, sweet crude oil for April delivery finished up 0.8% to $104.79 a barrel in regular trading Tuesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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