Oil down on U.S. crude buildInvesting.com -- Oil prices were down Wednesday after data showed a surprise weekly build in U.S. crude stockpiles and as the government remained mum about refilling the national reserve contrary to media reports a day ago that a decision had been reached.
Crude releases from the U.S. reserve have been a challenge to oil bulls as the Biden administration sought to continuously moderate market optimism to prevent both oil and pump prices of fuel from rising too much to add to already high inflation.