U.S. crude oil stocks fell last week after three straight weeks of builds as imports dropped and refineries hiked output, while gasoline inventories rose sharply amid weak demand, U.S. Energy Information Administration data showed on Wednesday. Crude inventories USOILC=ECI fell 1.3 million barrels in the week to Nov. 18, compared with expectations for an increase of 671,000 barrels. Stocks at the Cushing, Oklahoma, delivery hub for crude futures USOICC=ECI fell 87,000 barrels, the EIA said. Crude oil prices were relatively steady after the data, as the market continues to ready for next week’s meeting of the Organization of the Petroleum Exporting Countries. U.S. crude futures CLc1 oil rose 19 cents, or 0.4 percent, to $48.22 a barrel, while Brent crude LCOc1 gained 15 cents, or 0.3 percent, to $49.27 a barrel. U.S. crude […]

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