U.S. crude stocks fell last week as imports plummeted, dropping after nine consecutive increases, while gasoline and distillate inventories declined more than expected, the Energy Information Administration said on Wednesday. The stockpiles have been closely watched by oil traders eager to determine whether a November agreement to cut output by the Organization of the Petroleum Exporting Countries is reducing a global supply glut. [O/R] Crude inventories fell by 237,000 barrels in the last week, compared with analysts’ expectations for an increase of 3.7 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.13 million barrels, EIA said. U.S. crude oil imports fell by 565,000 barrels per day to 6.69 million bpd last week, the lowest level in a month, mostly due to large declines from […]