The API inventory report on Tuesday showed a crude oil inventory decrease that sent prices upward. But WTI fell on Wednesday after the EIA reported the opposite on Wednesday—a crude oil inventory increase. The price dip, triggered by data supplied by the government-run Energy Information Administration, a strong dollar that makes U.S. oil costlier for other nations, and inflation fears, will at least partially alleviate some pressure on the Biden Administration, who on Wednesday said that oil prices were a top issue. Traders ditched the risky oil assets on Wednesday, fearing central bank actions as prices continue to rise. WTI crude sank $2.90 per barrel (-3.45%) at 4:00 p.m. EDT to $81.25, while Brent crude fell $2.22 (-2.62%) to $82.56. The Biden Administration has found itself in hot water over the high crude oil and gasoline prices—the latter which have plagued the American consumer, threatening to diminish support for […]