Oil Ticks Lower on Crude Build ...Middle East

OILPRICE - Economy
Oil Ticks Lower on Crude Build
source : OILPRICE ( Middle East ) () 48
Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory build of 1.2 million barrels for the week to January 26. This compared with a substantial draw of 9.2 million barrels for the previous week. A day earlier, the American Petroleum Institute estimated another inventory draw, at 2.5 million barrels, for the week to January 26. This significantly exceeded analyst expectations for a much smaller draw, at 867,000 barrels. In fuels, the Energy Information Administration reported mixed inventory changes…

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