U.S. oil inventories elevated by 3.6 million barrels within the week ended Nov. 10, in keeping with knowledge launched by the Power Data Administration, above estimates of analysts in a survey by the Wall Road Journal.
Business crude-oil stockpiles stood at 439.4 million barrels on the finish of final week, and had been about 2% under the five-year common for this time of 12 months, the EIA stated Wednesday. Analysts surveyed by The Wall Road Journal had predicted crude stockpiles would rise by 800,000 barrels.
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