U.S. crude oil inventories rose last week amid a rebound in imports, while stocks of gasoline and distillate fuels declined, according to data released Wednesday by the U.S. Energy Information Administration, APA reports quoting WSJ.
Commercial crude oil stocks excluding the Strategic Petroleum Reserve rose by 5.2 million barrels to 421.2 million barrels in the week ended Oct. 31 and were about 4% below the five-year average for the time of year, the EIA said. A Wall Street Journal survey of analysts predicted a 100,000 barrel decline.
