Oil Falls After EIA Confirms Massive Crude Inventory Build ...Middle East

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Oil Falls After EIA Confirms Massive Crude Inventory Build
source : OILPRICE ( Middle East ) () 12
Crude oil prices fell today after the U.S. Energy Information Administration reported an inventory build of 16.3 million barrels for the week to February 10. This compared with a build of 2.4 million barrels for the previous week, extending a string of weekly builds, some of them quite sizeable, which have pushed inventories above the five-year seasonal average. In gasoline, the energy information authority estimated an inventory increase of 2.3 million barrels for the week to February 10. It compared with a build of 5 million barrels for the previous…

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