Oil Prices Rise Even As EIA Shows Crude Inventories Build

Crude oil inventories in the United States saw a build of 4.6 million barrels during the week ending February 14, according to new data from the U.S. Energy Information Administration. Crude oil prices were trending higher today prior to the crude data release by the U.S. Energy Information Administration after the American Petroleum Institute (API) reported on Tuesday a huge build of 3.34 million barrels in U.S. crude oil inventories. Both the Brent and WTI benchmarks were trading up by nearly 0.5% at $76.45 and $72.60, respectively at 10:11 am,…