Oil inventories rose a little less than expected last week, the Energy Information Administration reported Wednesday, sending crude prices higher.
- Crude stockpiles rose by 1.38 million barrels for the week ended Nov. 15, the EIA said. The market was expecting a build of about 1.54 million barrels, according to forecasts compiled by .
- Gasoline inventories rose by about 1.8 million barrels, versus analysts’ expectations for a rise of 870,000 barrels. Distillate stockpiles fell by about 1 million barrels, compared with forecasts for a decline of about 730,000 barrels.
- WTI futures were up 1.4%. Prices were up about 0.8% before the report was released.
