Fuel Inventories Continue To Decline Amid Crude Build

Crude oil inventories in the United rose by 3.132 million barrels for the week ending November 1, according to The American Petroleum Institute (API). Analysts had expected a smaller build of 1.8 million barrels. For the week prior, the API reported a 573,00-barrel dip in crude inventories. So far this year, crude oil inventories have slipped by just over 3 million barrels since the beginning of the year, according to API data. On Tuesday, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR)…