U.S. crude stocks jump by a record 19 million barrels as refiners cut back: EIA

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(Reuters) – U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy Information Administration said, as refiners throttled back activity due to slumping demand as a result of the coronavirus pandemic.

FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson

The build for the week ended April 10 was much larger than the Reuters poll calling for a 11.7 million-barrel rise USOILC=ECI and offsets

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