U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its reserve, the Energy Information Administration said on Thursday. Crude inventories soared 10.3 million barrels in the week to Nov. 9 to 442.1 million barrels, the highest level since early December 2017, compared with analysts’ expectations for an increase of 3.2 million barrels. That was the biggest weekly increase since February 2017. U.S. crude production also climbed by 100,000 barrels per day (bpd) to 11.7 million bpd, the highest on record, while net U.S. crude imports rose 268,000 bpd, the data showed. “A good chunk of the crude build occurred on the Gulf Coast, […]