Mumbai, Dec. 3 -- Data released by the American Petroleum Institute (API) showed that crude oil stockpiles in the US for the week ending November 28 fell by 2.48 million barrels compared to a decline of 1.9 million barrels in the previous week. Crude oil inventories shed 1.9 million barrels in the week prior. Crude oil inventories in the US are so far showing a net gain of 4.9 million barrels for the year. Gasoline inventories saw an increase of 3.14 million barrels in the week ending November 28. In the week prior, gasoline inventories grew by 500,000 barrels.
Published by HT Digital Content Services with permission from Capital Market....