Growing Crude Inventories Put A Cap On Oil Prices ...Middle East

Economy by : (OILPRICE) -
Crude oil prices fell today after the Energy Information Administration reported an oil inventory build of 4.3 million barrels for the week to November 6. The authority also reported a 2.3-million-barrel fall in gasoline stocks and a 5.4-million-barrel decline in distillate fuel inventories for the period. The figures compared with a crude oil stock draw of 8 million barrels for the previous week, which pushed prices higher for a day, along with a 1.5-million-bpd build in gasoline inventories and a decline of 1.6 million barrels in distillate fuel…

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