Oil Prices Fall On First Crude Inventory Build In Eight Weeks

Crude oil moved lower today after the Energy Information Administration reported an inventory build of 4.6 million barrels for the week to September 24. This compared with a draw of 3.5 million barrels for the previous week and analyst expectations of a 2.33-million-barrel draw. In fuels, the EIA reported more inventory builds, though modest ones. Gasoline stocks added 200,000 barrels in the week to September 24, compared with a build of 3.5 million barrels for the previous week. Gasoline production averaged 9.9 million bpd last week, which compared…