Surprise Crude Oil Inventory Build Raises Pressure on Oil Bulls
Crude oil inventories in the United States rose slightly this week, by 347,000 barrels for the week ending August 16, according to The American Petroleum Institute (API), after analysts predicted a 2.9 million barrel dip. For the week prior, the API reported a 5.205-million-barrel decrease in crude inventories. So far this year, crude oil inventories