US oil inventories rise less than expectations, indicating robust local demand

Crude oil inventories in the US rose last week as imports surged in the week ended November 15, the Energy Information Administration (EIA) said.  US’ crude inventories rose by 500,000 barrels last week to stand at 430.3 million barrels, according to EIA’s weekly inventory report.  Analysts had expected a much bigger build in the stockpiles […]