US Crude Inventories Build as Fuel Stocks Continue to Decline ...Middle East

OILPRICE - Economy
US Crude Inventories Build as Fuel Stocks Continue to Decline
source : OILPRICE ( Middle East ) () 97
Crude oil inventories in the United rose by 4.753 million barrels for the week ending November 8, according to The American Petroleum Institute (API). Analysts had expected a much smaller build of 800,000 barrels. For the week prior, the API reported a 777,000 barrel draw in crude inventories. So far this year, crude oil inventories have risen by less than 1 million barrels since the beginning of the year, according to API data. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR)…

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