Oil Falls On Soaring U.S. Crude Inventories

Crude oil traded lower today after the Energy Information Administration reported a substantial build in crude oil inventories, at 9.9 million barrels for the last week of April. The report followed a surprising build estimate from the American Petroleum Institute, of 6.8 million barrels, which pushed prices lower yesterday.

Source: Oil Falls On Soaring U.S. Crude Inventories

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