Brent steady at 108 Mideast violence hikes supply fears

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U.S. crude inventories rose last week while gasoline and distillate stockpiles fell along the East Coast where the fuel distribution system was still recovering from Hurricane Sandy, the U.S. Energy Administration said.

Crude stockpiles in the world’s largest consumer rose nearly 1.1 million barrels in the week to Nov. 9, below estimates for a build of 1.9 million barrels. Overall U.S. distillate stockpiles fell by 2.54 million barrels, compared with forecasts for a 1.3 million barrel drawdown.

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