Oil prices choppy on mixed supply data

$4.30 per gallon is the national gas price average: AAA

Oil prices bounced around Wednesday after mixed data on weekly supplies from the Energy Information Administration [EIA].  

Benchmark U.S. crude traded around $95 per barrel while Brent, the global benchmark, hovered around $100. 

Oil inventories registered a surprise gain of 4.3 million vs. an expected draw of 1.4 million. Distillate supply also rose by 0.33 million barrels. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 74.80 -6.88 -8.42%
BNO UNITED STS BRENT OIL FD LP UNIT 30.82 -2.52 -7.57%

Gasoline, however, did see a draw of 3.6 million. 

Ticker Security Last Change Change %
UGA UNITED STATES GASOLINE FUND LP PARTNERSHIP UNITS 63.93 -6.33 -9.01%

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Oil storage containers are seen in Los Angeles, California.  (REUTERS/Lucy Nicholson/Files)

This as prices at the pump remain around $4.30 per gallon, as tracked by AAA.

Prices have been pressured by concerns of slowing China demand, as the second-largest oil consumer imposes stringent measures to contain the spread of COVID-19, according to Reuters.

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The Associated Press contributed to this report.