EIA Worries Oil Bulls with Large Builds of Gasoline, Distillate Stocks ...Middle East

Crude oil inventories in the United States fell by 4.3 million barrels during the week ending May 30, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration. On Tuesday, the American Petroleum Institute (API) reported a drop of 3.3 million barrels in U.S. crude oil inventories, with a sizable build in gasoline stocks. At 10:21 am in New York, the Brent benchmark was trading up $0.18 per barrel (+0.27%)…

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