Oil Crashes After EIA Reports Huge Crude Build ...Middle East

Economy by : (OILPRICE) -
The Energy Information Administration reported today a massive crude oil inventory build of 15.189 million barrels for the week to December 4, after a modest draw of 700,000 barrels estimated for the previous week. This week's rise in crude inventories came close to the largest crude build ever, which was recorded earlier this year for the week ending April 10, when the EIA reported a 19.25 million barrel inventory build. A day earlier, the American Petroleum Institute had reported a crude oil stock build of 1.1 million barrels along with much…

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