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US crude stocks edge upwards


US crude oil inventories increased by 252K bbls w-o-w to total 487.3M bbls in the week ending 13 November, according to the US Energy Information Administration. This is the highest since April 2015's record high of 490.9M bbls. US Gulf crude stocks broke a streak of four-consecutive record weekly highs to fall 2.4M bbls w-o-w to 250.1M bbls. US crude refinery throughputs were up 137K b/d w-o-w to 16.1M b/d. US crude imports dropped 409K b/d from the prior week to 7M b/d.