Oil Prices Continue To Shed Gains On Small Inventory Build ...Middle East

The American Petroleum Institute (API) reported a slight build this week for crude oil of 593,000 barrels, while analysts predicted a draw of 633,000 barrels. The build comes as the Department of Energy released a massive 8.1 million barrels from the Strategic Petroleum Reserves in the week ending August 26, leaving the SPR with just 450 million barrels. In the week prior, the API reported a draw in crude oil inventories of 5.632 million barrels after analysts had predicted a draw of 448,000 barrels. WTI was trading down on Tuesday on inflation…

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