Crude oil prices remained unchanged after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the week to February 28. Gasoline inventories, however, fell substantially. This compares with a modest inventory increase of 500,000 bpd a week earlier, and analyst expectations of a 3.3-million-barrel build. Yesterday, the American Petroleum Institute said it had estimated crude oil inventories to have added 1.7 million barrels, which led to a further improvement in prices as the market had braced up for a more sizeable inventory increase. In gasoline, the EIA reported an inventory decline of 4.3 million barrels for the last week of February, compared with a draw of 2.7 million barrels for the previous week. Gasoline production last week averaged 9.8 million bpd, virtually unchanged on a week earlier. In distillate fuels, the agency reported an inventory fall of 4 million barrels and average production of […]