US crude oil inventories likely declined in the week ended Nov. 27 amid an expected uptick in refinery demand and steady exports, an S&P Global Platts analysis showed Nov. 30. Commercial crude inventories likely drew 1.7 million barrels lower last week to around 487 million barrels, analysts surveyed by Platts said. The draw would leave stocks nearly 7% behind the five-year average of US Energy Information Administration data, out from 6.2% the week prior. Refinery utilization is expected higher for a third straight week, with analysts calling for a 1 percentage point bump in runs to 79.7% of total capacity. The recent uptick in utilization has largely tracked seasonal norms, leaving runs to […]