Crude oil inventories in the United fell by 5.935 million barrels for the week ending November 15, according to The American Petroleum Institute (API). Analysts had expected a smaller build of 250,000 barrels. For the week prior, the API reported a 4.753 barrel build in crude inventories. So far this year, crude oil inventories have fallen by more than 5 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…
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