The American Petroleum Institute (API) estimated on Tuesday another large crude oil inventory build of 9.978 million barrels for the week ending April 24 as the demand destruction continues and storage space nears its upper limits. Today’s inventory build was expected to be slightly larger, at 10.619 million barrel s. In the previous week, the API estimated a large build in crude oil inventories of 13.226 million barrels , while the EIA’s estimates were for a build of 15 million barrels for that week. Oil prices were mixed on Tuesday afternoon prior to the API’s data release, With WTI trading slightly down and Brent slightly up. At 4:03 pm EDT on Tuesday the WTI benchmark was trading down on the day by $0.08 (-0.63%) at $12.70—down roughly $0.40 per barrel week over week. The price of a Brent barrel was trading up on Tuesday, by $0.57 (+2.85%), at $20.56—up […]