US Crude Inventories Rise 9M Barrels Per API
The American Petroleum Institute reported US crude inventories rose 9.0 million barrels in the week ending November 6, reversing a 5.3 million barrel draw the prior week. Distillate stocks built 1.5 million barrels, the Strategic Petroleum Reserve fell 2.7 million to 279.5 million, and US output hit a record 14.003 million bpd. Brent crude traded at $91.96.
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