01 Nov, 23

Oil Unchanged After Minor Inventory Build

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Crude oil prices remained largely unchanged today after the Energy Information Administration reported an inventory build of a modest 800,000 barrels for the week to October 27. A day earlier, the American Petroleum Institute had estimated an inventory increase of 1.35 million barrels for the period, also reporting declines in gasoline and distillate stocks. The EIA’s latest weekly estimate compares with a crude oil inventory build of 1.4 million barrels for the third week of October. In fuels, meanwhile, the EIA reported mixed changes in…

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