Mumbai, Jan. 30 -- Crude oil inventories in the United States saw a large build of 3.5 million barrels during the week ending January 24, according to the U.S. Energy Information Administration. This build in crude inventories is in line with seasonal trends, and compares with a draw of 1 million barrels in the week prior. For total motor gasoline, the EIA estimated that inventories rose by 3.0 million barrels for the week to January 24, with production averaging 9.2 million barrels daily. This compares with an inventory rise of 2.3 million barrels for the previous week and average daily production of 9.2 million barrels daily.
Published by HT Digital Content Services with permission from Capital Market....