US crude stocks climbed 3 million barrels to 391.7 million barrels in the week that ended April 25, as inventories at the Cushing, Oklahoma, delivery hub rose, data Tuesday from the American Petroleum Institute showed. Analysts polled by Platts Monday were expecting a smaller, 2.1 million-barrel build in crude stocks, with some anticipating a 1 million-barrel draw at Cushing. Cushing stocks, however, rose 202,000 barrels to 26.241 million barrels in the week that ended April 25, but were down substantially from 49.7 million barrels in the year-ago period. Article continues below… Crude oil moving out of Cushing: trends and implications Featuring Alison Ciaccio and John Kingston A combination of new crude pipeline projects, along with the expanding reach of crude-by-rail movements, is starting to move crude oil out of Cushing. Alison Ciaccio and John Kingston discuss the trend. Watch the video . In […]