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Crude Inventories Forecast to Grow; Shale Boom 3/13/2018
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OIL MKT DRIVERS: Crude Inventories Forecast to Grow; Shale Boom

By Alex Longley

(Bloomberg) --

Summary of what's shaping the oil market on Tuesday: U.S. crude stockpiles are forecast to rise this week, with API data due later. EIA boosted share output forecast for March.

U.S. INVENTORIES:

* API inventory report due 4:30pm ET
* Crude stockpiles forecast to rise 1.9m bbl, gasoline stockpiles -250k bbl,distillates -1.2m bbl ahead of more definitive EIA data on Wednesday

HEADLINES:

* EIA sees U.S. shale-oil rise 131k b/d to 6.95m b/d in April

** "The rapidly growing U.S. shale oil production is making it virtually impossible for prices to rise," Commerzbank analysts includingCarsten Fritsch wrote in a report

* Libya's Zawiya Oil Port Workers Are Said to Halt Loadings
* Kraken field currently shut for maintenance: Cairn
* Bloomberg Dollar Spot index gains 0.2%, European equities fractionally stronger

To contact the reporter on this story:
Alex Longley in London at alongley@bloomberg.net

To contact the editors responsible for this story:
Alaric Nightingale at anightingal1@bloomberg.net
Rachel Graham
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