U.S. crude oil and gasoline inventories grew unexpectedly last week as crude production and refining output rose, the Energy Information Administration said on Wednesday. Crude inventories rose for a second week in a row, building by 1.9 million barrels in the week to Nov. 10, contrary to analyst expectations in a Reuters poll for a decrease of 2.2 million barrels. The build, however, was lower than the 6.5 million-barrel rise reported by trade group the American Petroleum Institute on Tuesday. Sponsored “The report was bearish, but prices had already reacted, in negative fashion, to last night’s API report, which was a tough act to follow,” said John Kilduff, partner at energy hedge fund Again Capital LLC in New York. Crude prices were lower […]