Oil futures extend losses in afternoon trade following an EIA report showing a 5.2 million barrel increase in U.S. crude oil inventories.
The stock build, led by a rise in imports, offset much of the previous week’s draw.
Gasoline stocks fell more than expected, down by 4.7 million barrels in a fifth straight weekly decline, and distillate stocks fell by 643,000 barrels, also down for five weeks.
