The American Petroleum Institute (API) reported a build of 907,000 barrels of United States crude oil inventories for the week ending September 28, compared to analyst expectations that this week would see a build in crude oil inventories of 1.132 million barrels . Last week, the American Petroleum Institute (API) reported a build of 2.903 million barrels of crude oil. The API reported a draw in gasoline inventories as well for week ending September 28 in the amount of 1.703 million barrels. Analysts had predicted a build of 1.156 million barrels in gasoline inventories for the week. Oil prices were down in afternoon trading prior to the release of the API data on inventories. At 1:16pm EDT, WTI was trading down 0.35% (-$0.26) at $75.04. While down for the day, this is still $3 per barrel over last week’s Tuesday afternoon prices, and $5 up from prices two weeks […]