Oil Prices Slip As Crude Inventories Jump ...Middle East

Crude oil prices fell slightly today after the Energy Information Administration reported inventories had risen by 8.5 million barrels in the week to May 6. This compared with an inventory build of 1.3 million barrels estimated for the previous week, which provided a brief relief for prices. In fuels, as distillate stocks reach a critically low level, the EIA reported inventory draws. In gasoline, the authority estimated an inventory draw of 3.6 million barrels for the week to May 6. This compared with a draw of 2.2 million barrels during the previous…

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