USGC leads crude stock build on higher imports Cushing crude inventories tightening Refinery runs expected to rise Crude futures fell Wednesday after the US Energy Information Administration reported crude and refined products inventory builds. NYMEX front-month crude settled at $58.76/b, down 48 cents, while ICE front-month Brent settled 62 cents lower at $63.72/b. In refined products, NYMEX front-month RBOB settled 2.64 cents lower at $1.6261/gal, and front-month ULSD fell 3.67 cents to settle at $1.9288/gal. “The overall report was very bearish as demand fell off a cliff and total stockpiles climbed to the highest level in seven months,” said OANDA senior analyst Edward Moya in a report. US crude inventories climbed 822,000 barrels last week to 447.9 million barrels, the EIA data showed. Analysts polled by S&P Global Platts were looking for crude stocks to fall by 2.8 million barrels, as refiners were expected to have […]