The American Petroleum Institute (API) reported a major build of 9.75 million barrels of United States crude oil inventories for the week ending October 5, compared to analyst expectations that this week would see a much smaller build in crude oil inventories of 2.62 million barrels . The build is the largest build since February 2017, according to Zerohedge . Last week, the American Petroleum Institute (API) reported a build of 907,000 barrels of crude oil . The API reported a build in gasoline inventories as well for week ending October 5 in the amount of 3.4 million barrels . Analysts had predicted a draw of 42,000 barrels in gasoline inventories for the week. Oil prices were down in afternoon trading prior to the release of the API data on inventories, and not just by a hair. At 4:00pm EDT, WTI was trading down 2.77% ( -$2.08 ) at […]