Oil futures and Brent crude shifted lower after preliminary data from the API showed a much larger-than-expected build in domestic crude oil inventories.
Except for the front-month RBOB contract, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange settled Tuesday s session modestly higher.
Closing out the week as it began, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange rallied into Friday s close.