Strong US refinery demand contributes to counter-seasonal crude oil inventory draw

Rising refinery demand contributed to a counter-seasonal draw in US crude stocks during the week-ended Nov. 11, US Energy Information Administration data showed Nov. 16. Total US commercial crude stocks declined 5.4 million barrels over the period to 435.36 million barrels, the EIA said. The draw put stockpiles 4.6% behind the five-year average for this time of year, opening the…