Oil Price Fall on U.S. Crude Inventory Build
Source: www.investing.com
Crude oil prices fell nearly 3% on Wednesday after data from the U.S. Energy Information Administration showed a surprise buildup of 4.7 million barrels last week, versus expectations for a decline of nearly 600,000 barrels. Crude inventories had risen by 5.4 million barrels in the previous week. Gasoline and distillate inventories also rose last week, indicating weak consumer demand.
