Wednesday 31 October 2018

U.S. crude stocks rise for a sixth week, fuel draws down: EIA | Reuters

U.S. crude stocks rise for a sixth week, fuel draws down: EIA | Reuters:

U.S. crude oil inventories climbed for a sixth straight week, but grew less than forecast last week, amid a drop in net imports and the government’s sale of barrels from its reserve, while gasoline and distillate stocks drew down.

The Energy Information Administration said on Wednesday that crude inventories, excluding the Strategic Petroleum Reserve, rose 3.2 million barrels in the week to Oct. 26, less than analyst forecasts for a 4.1 million-barrel build.

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