Oil prices sunk today to their lowest settlement since June on a bearish EIA report and demand destruction on the fuel side. Gasoline stocks rose by 5.4MM/bls, compared to a forecasted rise of 1MM/bbls. Gasoline demand last week lagged the 10-year seasonal average by 2.5%. “Even though it was not the peak gasoline season, demand during the long Thanksgiving holiday weekend was lackluster,” said John Kilduff, partner with Again Capital LLC. An unexpected fall in U.S. crude inventories did little to support prices. Crude inventories fell by 4.6MM/bbls, far exceeding the 1.4MM/bbl drop analysts had expected. WTI traded down $2.94 or -4.1% to close at $69.38. Brent traded down $2.90 or -3.8% to close at $74.30.