Oil prices were lower again today settling down over 3% on the day as commercial crude inventories rose. Oil prices have also continued to soften as economic headwinds curbed gains from geopolitical tensions. “The market was waiting to sell off on indications of calming of tensions in the Middle East … progress on these bills and a three-day delay in Israel’s response to Iran is helping today,” said John Kilduff, partner at Again Capital LLC in New York. U.S. crude inventories rose by 2.7 million barrels to 460 million barrels last week, government data showed, nearly double analysts’ expectations for a 1.4 million-barrel build. WTI traded down $2.67 or -3.1% to close at $82.69. Brent traded down $2.73 or 3% to close at $87.29.