Mixed EIA Report Sends Oil Prices Lower

Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory dip of 1 million barrels for the week to January 17. In fuels, the EIA estimated mixed changes. The change in crude inventories compared with a draw of 2 million barrels for the previous week, which also saw another round of sizable builds in fuels. In gasoline, the authority estimated a build of 2.3 million barrels for the week to January 17, with production at an average 9.2 million barrels daily. This compared with an inventory rise of 5.9…