Crude oil deepened its latest losses after the Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for the week to September 20. This compares with a build of 1.1 million barrels for the previous week. Analysts had expected a decline of 6.5 million barrels for the week to September 20. Crude oil was trading lower yesterday, after the American Petroleum Institute did its already regular weekly surprise trick, saying inventories had gone up by 1.38 million barrels last week. Now, prices are bound to fall further. Oil prices slid down yesterday, after remarks about China U.S. President Donald Trump made at the UN General Assembly. “Not only has China declined to adopt promised reforms, it has embraced an economic model dependent on massive market barriers, heavy state subsidies, currency manipulation, product dumping, forced technology transfers and the theft of intellectual property and also trade secrets on […]