The American Petroleum Institute (API) on Tuesday reported its sixth straight week of crude oil inventory builds. This week, the API estimated the inventory build for crude oil to be 3.594 million barrels. But it’s the Cushing inventory yet again that is stealing the show this week. Despite the six weeks of builds, U.S. crude inventories are still 57 million barrels below where they were at the beginning of the year. Analyst expectations for the week were for a build of 1.567-million barrels for the week. In the previous week, the API reported a build in oil inventories of 2.318-million barrels , compared to the 1.650-million-barrel build that analysts had predicted. Oil prices were trading down on Tuesday in the runup to the data release, with WTI sinking to $83.52 and Brent trading around $84.52 per barrel. Both WTI and Brent were down .62% and .22%, respectively, at 4:27 […]