Amid growing bearish sentiment towards oil prices, the Energy Information Administration reported a build of 4.1 million barrels in crude oil inventories for the week to January 6, a day after the American Petroleum Institute had estimated inventories were 1.5 million barrels higher in the period. Analysts had expected EIA to report a build of 930,000 barrels. Last week, the agency reported a weekly decrease of 7.1 million barrels , injecting some optimism into markets but not for long as doubts about the OPEC production cut deal deepen. According to EIA, commercial crude oil inventories as of January 6 stood at 483.1 million barrels, within seasonal limits, near the upper end. Refineries operated at 93.6 percent of capacity, processing 17.1 million barrels of crude and producing 9.7 million barrels of gasoline and 5.3 million barrels of distillate daily. Gasoline inventories for the period were 5 million barrels higher than […]