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Oil Prices Fall After API Reports Huge Build In Gasoline Inventories

By Julianne Geiger,oil-price – Dec 05, 2017, 3:45 PM CST
Oil Prices Fall After API Reports Huge Build In Gasoline Inventories
The American Petroleum Institute (API) reported a large draw of 5.481 million barrels of United States crude oil inventories for the week ending December 1, while analysts had expected a drawdown of 3.507 million barrels. The draw may embolden oil bulls who were left wanting after the OPEC meeting failed to lift prices as many had hoped.

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