Commodities Buzz: US crude inventories rise by 1.3 million barrels, API data shows

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.3 million barrels in the week ending November 7. Crude oil inventories gained 6.5 million barrels in the week prior. Gasoline inventories saw a decrease of 1.4 million barrels in the week ending November 7, after losing 5.653 million barrels in the week prior.

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