In the week to March 8, API crude oil production in the United States was 325,000 barrels per day, compared with the previous value of 510,000 barrels per day.

The United States imported 152,000 barrels/day of API refined oil products in the week to March 8, compared with the previous value of 210,000 barrels/day.

U.S. API crude oil imports in the week to March 8 were -1.411 million barrels, compared with the previous value of 560,000 barrels.

U.S. API heating oil inventories in the week to March 8 were 972,000 barrels, compared with the previous value of -580,000 barrels.

Market news: Coinbase (COIN.O) is reported to provide a coupon of 0.5%-1.0% for $1 billion of convertible bonds and set the note conversion premium at 27.5%-32.5%.

U.S. API refined oil inventories for the week to March 8 were -1.162 million barrels, compared to expectations of 400,000 barrels, and the previous value was -1.77 million barrels.

After the release of API crude oil inventory data, U.S. and Burundi oil prices rose slightly.

U.S. API gasoline inventories for the week to March 8 were -3.75 million barrels, compared with expectations of -2.1 million barrels and the previous value of -2.77 million barrels.

U.S. API Cushing crude oil inventories for the week to March 8 were -998,000 barrels, compared with the previous value of 520,000 barrels.

Coinbase (COIN.O) fell 3% after hours.

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The Bank of France lowered its forecast for potential CPI in 2024 from 2.8% to 2.4%.

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