Late Tuesday, the American Petroleum Institute, an industry group, released data showing a 9.2 million-barrel rise in gasoline stocks and a 4.3 million-barrel increase in distillate inventories for the week ended December 1, even as crude stocks came down by 5.5 million barrels.
Refinery crude runs rose by 192,000 barrels per day, EIA data showed.
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McMahon then arrived and announced that Zayn would be facing off against Orton on Smackdown with Owens handcuffed at ringside. Orton came down and laid Owens out with an RKO, followed by Shane's announcement of the tag team match.
At the time of writing, WTI was trading at US$56.71 a barrel, with Brent at US$62.02, both down from yesterday's close.
US commercial crude stocks fell by 5.6 million barrels last week, while gasoline inventories gained 6.8 million barrels.
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This is UnitedHealth's second major purchase of the year after buying Surgical Care Affiliates for about $2.3 billion in March. The acquisition of DaVita would expand that reach considerably.
"We were overdue a little bit of profit-taking and the build up in gasoline inventories was the ideal excuse to do just that", said Michael Hewson, chief market analyst at brokerage CMC Markets. So far companies have chosen to hedge at the higher prices rather than drill as they try to return to positive cash flow. WTI settled at $57.62 on Tuesday and opened at $57.45 Wednesday morning. Traders have been at odds over frequent discrepancies between the API, which is also the oil and gas industry's main lobby, and the U.S. Energy Information Administration, an independent division of the Energy Department. The API report showed an increase of 9.196 million barrels, compared to forecasts of a much smaller 1.145-million-barrel build. The EIA today confirmed a large build of 6.8 million barrels. Exports of refined products fell by 875,000 barrels a day last week to 5.04 million barrels a day.
Analysts said a weak trend in global markets, where oil prices dropped, mainly led to fall in crude prices at futures trade here.
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A win for Bottoms would continue a run for African-American mayors that began with Maynard Jackson in the mid-1970s. After losing that election, old recordings surfaced of Norwood speaking negatively about black voters.
The VanEck Vectors Oil Services ETF (NYSEARCA: OIH) traded down about 1.3%, at $24.66 in a 52-week range of $21.70 to $36.35.