WTI Fades From Cycle Highs After Disappointing Inventory Data
May 12th 2021 10:35am EDT
WTI Fades From Cycle Highs After Disappointing Inventory Data Oil prices are continuing their recent acceleration this morning, with WTI above $66.50, after the International Energy Agency said a record glut built up last year is gone. Last night’s surprise gasoline build from API did nothing to shake confidence in demand returning (crude stocks dropped […]
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