U.S. commercial crude oil inventories rose by 7.3 million barrels for the week ended Nov. 21, compared to the previous week, according to the Energy Information Administration. That's more than the 900,000-barrel increase expected by analysts surveyed by CNBC and Dow Jones.
Total motor gasoline inventories increased by 1.9 million barrels, compared to the 100,000-barrel rise expected by analysts. And distillate fuel inventories declined by 200,000 barrels, while analysts had expected a decrease
Consumer Confidence Hits 28-Year Low in November
Four New Reports Reveal Battered Economy- AP
The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount since the 2001 terrorist attacks, orders to U.S. factories plummeted and homes sales fell to the lowest level in nearly 18 years.