Oil Prices Steady Despite Surprise Crude Build ...Middle East

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Oil Prices Steady Despite Surprise Crude Build
source : OILPRICE ( Middle East ) () 12
Crude oil prices saw a tiny dip after the Energy Information Administration reported an inventory build of 600,000 barrels for the week to April 16. This compared with a decline in inventories of 5.9 million barrels for the previous week and analyst expectations for a draw of 2.86 million barrels. A day earlier, the American Petroleum Institute reported a modest inventory build of less than half a million barrels. In gasoline, the EIA estimated an inventory increase of 100,000 barrels for the week to April 16, versus a build of 300,000 barrels…

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