BREAKING: US Crude Inventories rise less than forecast

Crude inventories in the US rose by 0.77 million barrels in the week ended November 13th, following an 4.278 million increase in the previous week and compared with analysts’ estimates of a 1.65 million rise, according to the EIA Petroleum Status Report.

Cushing Crude Oil inventories rose by 1.2 million barrels, following a 0.518 million barrels decrease from last week.

Gasoline inventories rose by about 2.611 million barrels, following a 2.309 million decline in the prior period and above analysts’ expectations of 0.087 million barrels increase.

WTI Crude Oil (OIL.WTI) price fell after the release of today's EIA report and is heading towards $41.90 support level. Source: xStation5