Crude oil prices rise despite US inventories build-up

Crude oil prices are up for the second day due to the continued vaccine-related optimism. The positive sentiment in the market has led investors to look past the supply build in the US. WTI futures were up by 0.18% to trade at $45.76. WTI was also on an upward trend, trading at 49.18. Oil markets shrug off supply build On 9th December, the Energy Information Administration released data on US crude oil inventories. Last week, the amount of oil in storage rose by 15.189 million barrels against the expected change of -1.424 million barrels. It is the second week in