Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 700,000 barrels for the week to December 23. This compared with a draw of 5.9 million barrels for the previous week, which had pushed prices higher temporarily. At 419 million barrels, U.
S. inventories are about 6 percent below the average for this time of the year. A day earlier, the American Petroleum Institute reported an estimated inventory draw of 1.3 million barrels, the second weekly drop in a row. U.S. crude inventories have…Oil Inches Down On EIA Inventory Figures
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