Oil Moves Lower After EIA Confirms Large Crude Build ...Middle East

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Oil Moves Lower After EIA Confirms Large Crude Build
source : OILPRICE ( Middle East ) () 36
Crude oil prices inched lower today after the Energy Information Administration reported an estimated inventory build of 7.9 million barrels for the week to June 9. This compared with a modest inventory draw of half a million barrels for the previous week and an estimated build of just over 1 million barrels for the week to June 9 as reported on Tuesday by the American Petroleum Institute. Analyst expectations for the weekly change ranged from a draw of 2.5 million barrels to a build of 2 million barrels. In fuels, inventory changes were also positive…

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