WTI slid near 81.00 over EIA report

Prices of the barrel of the U. S. benchmark for the sweet light crude oil have remained on the defensive and approach the $81.00 mark midweek.

Crude oil prices lose ground for the second successive session on Wednesday and threaten to breach the $81.00 mark per barrel following another unexpected build in weekly U. S. crude oil stockpiles.

The EIA reported a 3.291M barrels build during the week ended on October 29, while supplies at Cushing shrank by 0.916M barrels and gasoline inventories went down by 1.488M barrels.

The larger than expected increase in crude oil inventories added to the nearly 3.6M barrel build reported by the API late on Tuesday.