A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually unchanged for the week. At 441.4 million barrels, the inventories are within seasonal limits, the EIA said in its last weekly inventory report for the year. Refineries processed 17.4 million barrels of crude daily last week, producing 10.1million barrels daily of gasoline and 5.4 million bpd of distillate fuels. Inventories of gasoline added 3 million barrels at the end of the seven-day reporting period, and distillate fuel inventories staying unchanged. Crude oil, meanwhile, has been having an exciting week with sharp falls prompted by market-wide worries about an oversupply amid slowing global economic growth, followed by a partial rebound as traders took advantage of the low prices. As of the time of writing, Brent crude was trading at US$53.70 […]