United States gasoline inventories hit lowest level since November 2014

US Gasoline Demand Could Drive Crude Oil Prices Higher

US Gasoline Demand Could Drive Crude Oil Prices Higher

Data from the Energy Information Administration (EIA), published at 15:30 London time, showed that United States crude stocks had increased by 2.24m barrels in the week to 3 November. January Brent fell 0.2% to $63.55.

Domestic crude production inched up 67,000 bpd to 9.62 million bpd, the highest since records were available in 1983, according to EIA data.

As a result of e-commerce in London and NY stock exchanges, the world oil prices are falling, Gazeta.ru reports.

Best Buy's Black Friday Doorbusters Include This $180 4K UHD TV
Customers shop for electronics items during "Black Friday" at a Best Buy store on November 25, 2011 San Diego, California. JCPenney and Macy's are among the retailers in the Staten Island Mall that have already released their Black Friday ads.

At the same time, Kilduff said, product components were bullish as gasoline and distillate fuel inventories remained in the lower half of the normal range.

The West Texas Intermediate for December delivery was down 0.39 US dollar to settle at 56.81 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery lost 0.20 dollar to close at 63.49 dollars a barrel on the London ICE Futures Exchange. US crude was down 0.3% to $57.04.

Gasoline stockpiles fell 3.3 million barrels to 209.5 million barrels, while analysts in the survey were expecting levels to fall by 1.8 million barrels from the previous week.

Danica Roem elected Virginia's first openly transgender official
Liberal organizations came out and lauded Roem's win on Twitter and in official statements after the election results came in. Bob Marshall, one of the state's longest serving and most socially conservative lawmakers.

US distillate inventories fell to 125.6 million barrels, the lowest weekly figure since February 2015, EIA data showed.

Refineries operated at 89.6% of their capacity.

Sia shares naked pic of herself before photog can sell it

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