Oil prices decline due to surprise inventory build and weak economic data.
TL;DR Summary
US crude oil inventories unexpectedly rose by 3.618 million barrels, while gasoline inventories rose by 399,000 barrels and distillate inventories fell by 3.945 million barrels. US crude oil production rose by 100,000 bpd to 12.3 million bpd. Despite the surprise inventory build, the price of WTI and Brent crude oil were both trading up on Tuesday.
Topics:business#crude-inventories#distillate-inventories#energy#gasoline-inventories#oil-prices#us-production
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