WTI Inches Higher After EIA Reports Small Crude Inventory Build ...Middle East

Crude oil prices inched higher today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to September 9. This compared with a sizeable build of 8.8 million barrels estimated for the previous week. A day before the EIA released its report, the American Petroleum Institute estimated oil inventories had added more than 6 million barrels in the week to September 9. In gasoline, the EIA estimated an inventory draw of 1.8 million barrels for the reporting period. This compared with a modest increase…

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