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

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 6 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Oil News

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines