Crude oil prices saw a minor increase today when the U.S. Energy Information Administration reported an oil inventory build of 500,000 barrels for the week to January 20. The latest change in inventories compared with two sizeable weekly builds—one of 8.4 million barrels for the second week of January and a 19-million-barrel one for the first week of the month. At 448.5 million barrels, crude oil inventories in the United States are 3 percent above the five-year average for this time of year. Fuels, meanwhile, showed mixed directions in inventory…
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