FX.co ★ US Crude Oil Inventories Rise More than Expected: EIA

Crude oil inventories in the United States increased by 6.413 million barrels for the week ending November 7, marking the largest rise since July 25 and surpassing market expectations of a 2-million barrel increase. Meanwhile, at the Cushing, Oklahoma delivery hub, crude stockpiles decreased by 0.346 million barrels. On the other hand, refined fuel inventories saw declines, with gasoline stocks down by 0.945 million barrels and distillate fuel stocks falling by 0.637 million barrels.