Oil Inches Down On Inventory Build ...Middle East

Crude oil prices moved lower today, after the U.S. Energy Information Administration reported a sizeable inventory build of 8.7 million barrels for the week to November 17. This compared with an inventory build of 3.6 million barrels for the week to November 10. It also compared with an estimated inventory build of a substantial 9 million barrels, reported by the American Petroleum Institute for the week to November 17. In fuels, the EIA estimated inventory mixed inventory changes for the latest week. Gasoline stocks added 700,000 barrels in the…

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