Big Gasoline Build Offset Crude Drawdown

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At the Multi Commodity Exchange, crude oil for delivery in December was trading sharply lower by Rs 26, or 0.70 per cent, to Rs 3,698 per barrel in 1,601 lots.

According to traders, the EIA report is expected to show a draw of 3.2 million barrels. Total volume traded was about 42 percent below the 100-day average.

USA crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories rose, the Energy Information Administration said on Wednesday.

New Orleans Saints should be wary of 'third-and-long' Atlanta Falcons
The Falcons actually reached the Vikings' 27-yard line midway through the fourth quarter but chose to try a field goal and missed. He leads the team with four touchdown catches and his 11 total touchdowns are tied with Todd Gurley for the most in the NFL .

Oil prices plummeted today, witnessing a free fall as weak equities clubbed with persistent profit selling pressure after recent gains hurt the sentiments.

Oil-market observers will be watching closely Wednesday for official weekly data from the U.S. Energy Information Administration.

Recent spurt in oil prices is triggering a response from the suppliers. The API report showed an increase of 9.196 million barrels, compared to forecasts of a much smaller 1.145-million-barrel build. Net petroleum supplies fell by about 2.5 million barrels because of dips in other oils and products, according to the Energy Department.

Sharad Yadav's disqualification from Rajya Sabha illegal and unconstitutional: Arvind Kejriwal
Spokesman of JD (U) Neeraj Kumar welcomed the Rajya Sabha secretariat's decision, calling it a victory of the Indian Constitution. Both of them have thus ceased to be a Member of the Rajya Sabha with immediate effect. "I decide and declare accordingly".

Distillate inventories also saw a build this week, rising 4.259-million barrels, against a forecast of a 548,000-barrel build. A year ago at this time, a gallon of regular gasoline cost $2.192 on average in the United States. Now trade is carried out by the exchange's two divisions, the NYMEX Division and the COMEX Division, the first one designed for trades of oil, gas, platinum, palladium, ethanol, coal, electricity and carbon dioxide emissions, the second one for gold, silver, copper and aluminum.

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.

Wind Advisory in effect until 7 pm for southeast MI
Wind speeds, meanwhile, are expected to be in the teens through much of the week with gusts reaching up to 30 miles per hour . At Auto Club Speedway, Magic of Lights, a holiday lights experience, was cancelled on both December 4 and 5 due to the winds.

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