Oil dropped as a rally driven by supply disruptions left gains looking overdone, and a US industry report pointed to a rise in stockpiles.

Trump officials say the oil-market disruption is temporary, but Chevron’s Mike Wirth and others warn global supplies are running low, with no respite in sight.

By Sam Li and Lewis Jackson BEIJING, Sept 16 (Reuters) - Oil prices fell on Wednesday after an unexpected build in U.S. crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea.

With unquestioned volatility in the market, trends and projections indicate oil companies are making big profits, but in spending have adopted a wait-and-see attitude.

Oil prices have jumped back above $100 a barrel, but cash buffers and lower household debt means Americans can withstand the shock for now, JPM says.

Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.

Marathon Petroleum (MPC) exhibits strong technical momentum, recently hitting a new all-time high. Shares are up more than 120% over the past year. MPC maintains a 100% “Buy” technical opinion from Barchart.