Crude oil prices gained today after the Energy Information Administration reported a crude oil inventory draw of 2.1 million barrels for the week to November 12. At 433 million barrels, the authority said, crude oil inventories were 7 percent below the five-year average for this time of year. The reported draw compared with an unexpected build of 1 million barrels for the previous week and analyst expectations of another build, of 1.55 million barrels. In gasoline, the EIA reported an inventory decline of 700,000 barrels for the reporting period, which compared with a draw of 1.6 million barrels for the previous week. Gasoline production averaged 9.9 million bpd last week, which compared with 10.1 million bpd for the prior week. In middle distillates, the EIA estimated an inventory draw of 800,000 barrels for the seven days to November 12, with production averaging 4.8 million bpd. This compared with a […]