U.S. crude stockpiles rose less than expected in the week ended Nov. 13, while refinery activity increased, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles increased by 252,000 barrels to 487.3 million barrels, marking an eighth-straight week of increases, the EIA said. Analysts surveyed by The Wall Street Journal had predicted supplies would rise by 2 million barrels on the week. Oil stored at Cushing, Okla., the delivery point for U.S. stocks, rose by 1.5 million barrels to 56.9 million barrels, the EIA said in its weekly report. Gasoline stockpiles rose by 1 million barrels to 214.3 million barrels, the EIA said in its weekly report. Analysts had predicted gasoline stockpiles would fall by 900,000 barrels from the previous week. Distillate stocks, which include heating oil and diesel fuel, fell by 791,000 barrels to 140.3 million barrels, and remain in the middle of their […]

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