Mumbai, Nov. 5 -- Crude oil inventories in the United States saw a decrease of 900,000 barrels during the week ending October 30, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 409.8 million barrels, according to government data, which is now 4% below the five-year average for this time of year. For total motor gasoline, the EIA reported that inventories decreased by 200,000 barrels, after growing by 3.9 million barrels in the week prior. The most recent figures showed that average daily gasoline production increased to 9.7 million barrels.
Published by HT Digital Content Services with permission from Capital Market....