Oil Trims Losses After DOE Shows Modest Weekly Inventory Builds Oil dipped modestly, extending its two-day slide, after the latest DOE data showed another weekly increase across most oil products, even as expectations were for continued declines. Crude +1,782k vs est -50k Gasoline +4,125k vs est. -80k Distillates +578k vs est. -1,650k Cushing crude -271k The 1.79-million-barrel build in commercial crude stockpiles contrasts with the 3.7-million-barrel draw seen by the API on Tuesday. Following draws in the past two weeks, crude, gasoline and distillate inventories were expected to post another modest drop, but the official data showed an increase across… — Continue at ZeroHedge News : Read More
