Oil Markets Unimpressed By Small Crude Inventory Build

Oil Markets Unimpressed By Small Crude Inventory Build

OilPrice.com

Published

Crude oil inventories rose last week, while gasoline inventories declined, the Energy Information Administration said on Wednesday. The EIA has reported that crude oil inventories increased by 1 million barrels for the week to November 19. At 434 million barrels, the authority said, crude oil inventories were still 7 percent below the five-year average for this time of year. The reported draw compares with a draw of 2.1 million barrels for the previous week and analyst expectations of a 481,000-barrel draw.  For gasoline, the EIA reported…

Full Article