Oil Prices Continue To Fall As EIA Reports Crude Inventory Build

Crude oil prices moved lower today after the Energy Information Administration reported an inventory build of 4.3 million barrels for the week to March 11. This compared with a draw of 1.9 million barrels for the previous week and an American Petroleum Institute estimate of an inventory build of 1.867 million barrels for the week to March 11. In fuels, the Energy Information Administration reported a mixed picture. Gasoline inventories shed 3.6 million barrels in the week to March 11, which compared with a decline of 1.4 million barrels for the…