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Crude Oil roils on Wednesday after EIA prints another weekly buildup in US Crude Oil Stocks

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WTI,Energy

West Texas Intermediate (WTI) US Crude Oil tumbled back to $80.00 per barrel on Wednesday after the Energy Information Administration (EIA) reported another unexpected increase in week-on-week US Crude Oil Stocks Change, kicking the legs out from beneath barrel traders that were hoping for a net decrease in US Crude Oil supplies.

WTI eased to $80.00 per barrel on Wednesday, continues to churn in a rough range. EIA Crude Oil counts reported another week-on-week buildup of US barrel supplies. Energy markets continue to hope for a demand upswell to materialize in summer. West Texas Intermediate US Crude Oil tumbled back to $80.

influence the price of WTI Oil? decides to lower quotas, it can tighten supply, pushing up Oil prices. When

 

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