Crude oil inventories in the United rose by 3.132 million barrels for the week ending November 1, according to The American Petroleum Institute (API). Analysts had expected a smaller build of 1.8 million barrels. For the week prior, the API reported a 573,00-barrel dip in crude inventories. So far this year, crude oil inventories have slipped by just over 3 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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