Oil down $1 on bearish U.S. data, crude stocks build

in the United States also fell more than expected in December, recording its biggest drop in nearly two years, as higher borrowing costs hurt demand for goods.beyond 5% even as inflation shows signs of having peaked and economic activity is slowing.

Adding to the pall, data from the American Petroleum Institute showed U.S. crude oil inventories rose by about 7.6 million barrels in the week ended Jan. 13, according to market sources. The API report was delayed by a day due to Monday's Martin Luther King Day public holiday in the United States. The government's Energy Information Administration will release its weekly inventory report on Thursday.

You leave Bears alone, they were here long before humans were.

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