Crude oil prices fell further today after the Energy Information Administration reported an inventory build of 3 million barrels for the week to May 5. This compared with an inventory draw of 1.3 million barrels estimated for the previous week. A day before the EIA released its latest figures, the American Petroleum Institute reported a build in inventories of 3.62 million barrels contrary to expectations of another draw, pressuring prices. At 462.6 million barrels, U.S. crude oil inventories are 1% below the five-year…
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