Crude prices are holding gains from yesterday's 'epic fail' SPR release after an unexpected crude build. Stocks at the Cushing hub rose by the most since October, while marking a second weekly rise. Volumes are now sitting at a four-week high. Gasoline inventories continued to slide and are still at a four-year low as refineries runs continue to lag demand. Commercial crude stockpiles rose by just over 1 million barrels, which wasn’t much, considering that another 1.64 million barrels was drawn out of the SPR. If you add those two together, total U.S. Crude stockpiles actually fell by 625,000 barrels. Crude ... (full story)

Crude oil inventories rose last week, while gasoline inventories declined, the Energy Information Administration said on Wednesday. The EIA has reported that crude oil inventories increased by 1 million barrels for the week to November 19. At 434 million barrels, the authority said, crude oil inventories were still 7 percent below the five-year average for this time of year. The reported draw compares with a draw of 2.1 million barrels for the previous week and analyst expectations of a 481,000-barrel draw. For gasoline, the EIA reported an inventory decline of 600,000 barrels for the week ending November 19, which ... (full story)