WTI Spikes After Surprise Crude Draw, Production Plunge

May 13th 2020 10:34am EDT

WTI Spikes After Surprise Crude Draw, Production Plunge Oil prices have roundtripped from last night’s API print, as overnight gains were erased after OPEC presented a bleaker assessment of global oil markets for the second quarter as the COVID-19 crisis continues to drain demand. Notably, just as OPEC members begin to cut production, the cartel […]

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