The American Petroleum Institute (API) reported a moderate build of 1.156 million barrels of United States crude oil inventories for the week ending March 9, according to the API data. Analysts had expected a build of 2.023 million barrels in crude oil inventories. Last week, the American Petroleum Institute (API) reported a huge build of 5.661 million barrels of crude oil, with a draw for gasoline that saw an inventory shed of 4.536 million barrels for the fuel. This week, the API reported a smaller build for crude oil, and another draw for gasoline. This week, the API reported a draw of 1.262 million in gasoline stockpiles, largely in line with the 1.176-million-barrel draw that analysts had expected. Both benchmarks were down on Tuesday, with the WTI benchmark down by $.81 (-1.32%) at $60.55—nearly $2 below last week’s levels, while Brent traded down $0.49 (-0.75%) at $64.46 at 3:26 […]