Light, sweet crude oil futures dropped modestly on the New York market Nov. 15 after the US government reported a gain in crude oil inventories along with rising production. Total US crude oil production for the week ended Nov. 10 was 9.645 million b/d, up 25,000 b/d of which the Lower 48 accounted for 20,000 b/d and Alaska accounted for the rest.

Source: News