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Energy and oilUpdated Yesterday

U.S. crude stocks rise by 4.7 million barrels.

For five straight weeks, U.S. crude inventories had been falling. The latest EIA report broke that run: commercial stocks rose 4.7 million barrels in the week ended Nov. 6, reaching 414.4 million. That was the opposite of the 700,000-barrel decline expected in a Wall Street Journal survey of analysts. Earlier in the week, the API had estimated a much larger 9.0-million-barrel build; that was a separate estimate, not the EIA result. The rise wasn't limited to crude: gasoline inventories added 1.8 million barrels, and distillate stocks added 4.1 million. The expected crude draw ended with all three climbing.

3 publishers4 reports

Coverage started November 10

Key Actors

  • Energy Information Administration
  • The Wall Street Journal

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