Oil Prices Slip As EIA Reports Crude Build ...Middle East

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Oil Prices Slip As EIA Reports Crude Build
Crude oil prices retreated further today after the U.S. Energy Information Administration reported crude oil inventories had added 3.3 million barrels over the week to July 8. This compared with a hefty build of 8.2 million barrels estimated for the previous week. A day before the EIA released its weekly report, the American Petroleum Institute estimated a 4.76 million barrels for the week to July 9. In gasoline, the EIA estimated an inventory increase of 5.8 million barrels for last week, which compared with a draw of 2.5 million barrels for the…

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