RTRS: U.S. crude futures turn negative on stocks build
NEW YORK July 21 (Reuters) - U.S. crude oil futures prices turned negative on Wednesday after a government oil inventory report showed crude oil stockpiles rose last week, against expectations inventories would be lower.
The U.S. Energy Information Administration's report also showed gasoline stocks rose more than expected and distillate stocks soared much more than the forecast build. [EIA/S]
On the New York Mercantile Exchange, front-month September crude CLU0 fell 63 cents, or 0.81 percent, to $76.95 a barrel by 10:38 a.m. EDT (1438 GMT), trading from $76.81 to $78.57.
Prices were about 30 cents higher at $77.88 when the data arrived. (Reporting by Robert Gibbons)
