US commercial crude stocks are expected to have fallen by 500,000 barrels in the reporting week that ended November 7, according to a Platts analysis and a survey of oil analysts Monday. The American Petroleum Institute will release its weekly stocks data at 4:30 pm EST (2130 GMT) Wednesday and the US Energy Information Administration is scheduled to release its weekly data at 11:00 am EST (1600 GMT) Thursday. Both sets of data are delayed one day due to the Veterans Day holiday. The EIA five-year average shows inventories rising slightly this reporting week by 232,000 barrels. Refineries tend to enter into maintenance when the summer driving season concludes, causing stocks to accumulate through late October, stabilize for a few weeks, and then […]