US crude oil inventory builds likely extend amid weak refinery demand

Counter-seasonal US crude oil inventory builds likely extended in the week to Jan. 13 amid continued weak refinery demand, analysts surveyed by S&P Global Commodity Insights said Jan. 17. US commercial crude stocks likely climbed 900,000 barrels to around 440.5 million barrels over the period, analysts said. The build would put inventories 1.1% above the five-year average of US Energy…