Surprise Crude Build Weighs On Oil Prices ...Middle East

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Surprise Crude Build Weighs On Oil Prices
source : OILPRICE ( Middle East ) () 24
The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels, while analysts predicted a draw of 733,000 barrels. The build comes as the Department of Energy released 7.5 million barrels from the Strategic Petroleum Reserves in the week ending September 2, leaving the SPR with just 442.5 million barrels. In the week prior, the API reported a build in crude oil inventories of 593,000 barrels after analysts had predicted a draw of 633,000…

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