US crude oil inventory builds likely extend amid weaker refinery demand
Counter-seasonal US crude oil inventory builds likely extended in the week ended Dec. 16, analysts surveyed by S&P Global Commodity Insights said Dec. 19, amid an expected continued slide in refinery demand. Total US crude stocks likely climbed 600,000 barrels to around 424.7 million barrels, analysts said. Over the last five years, inventories have seen an average 3.5 million-barrel draw…