[ad_1]
The Energy Information Administration on Wednesday reported that U.S. commercial crude inventories rose by 8.7 million barrels for the week ended Nov. 17. On average, analysts polled by S&P Global Commodity Insights expected the data to show an increase of 100,000 barrels. The EIA report also a revealed supply climb of 700,000 barrels for gasoline, while distillate stockpiles declined by 1 million barrels. The forecast called for a gasoline supply increase of 1.1 million barrels and a decline of 400,000 barrels for distillates. Crude stocks at the Cushing, Okla., Nymex delivery hub rose by 900,000 barrels last week, the…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
[ad_2]
Source link
