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U.S. Oil Inventories Rise Amid Steady Production - The Wall Street Journal

The EIA said stockpiles increased last week to 421.9 million barrels.Photo: Nick Oxford/REUTERS

U.S. oil inventories rose more than expected last week according to data released Wednesday by the Energy Information Administration, in a potential headwind for crude prices as markets try to recover from a losing month.

The Nymex front-month crude contract for December delivery was recently up 2% at $82.71 a barrel, off early highs.

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U.S. Oil Inventories Rise Amid Steady Production - The Wall Street Journal
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