Oil prices drop as U.S. crude inventories show an increase

U.S. crude inventories rose according to American Petroleum Institute figures, and oil prices fell slightly on Wednesday morning in response. The price move appears modest and likely reflects a short-term inventory-driven reaction rather than a material change in supply-demand fundamentals.

Analysis

U.S. crude inventories rose according to American Petroleum Institute figures, and oil prices fell slightly on Wednesday morning in response. The price move appears modest and likely reflects a short-term inventory-driven reaction rather than a material change in supply-demand fundamentals.