Rising Fuel Stocks Push Oil Prices Lower ...Middle East

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Rising Fuel Stocks Push Oil Prices Lower
Crude oil prices fell on Wednesday after the Energy Information Administration reported a crude oil inventory draw of 3.5 million barrels for the week to April 2 along with a hefty gasoline stock increase and a build in distillates. This compares with an inventory decline of 900,000 barrels reported for the previous week and analyst expectations for an inventory draw of 1.325 million barrels for the period. A day earlier, the American Petroleum Institute had estimated a crude oil inventory draw of 2.62 million barrels but a much larger build in…

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