🔴 Crude Oil is trading 3.39% down today after a surprise 7.1-million-barrel U.S. inventory build

Crude Oil is trading 3.39% down at $102.24 after U.S. crude inventories unexpectedly increased by 7.1 million barrels for the week ended September 11, versus expectations for a draw.

• The surprise signals weaker near-term demand and eased tightness concerns.
• A stronger U.S. dollar and caution ahead of the Federal Reserve’s September 16 interest-rate decision add pressure; Saudi supply disruptions and Middle East tensions limit the decline, but inventories remain the dominant catalyst for September 16.