Tag: EIA oil inventory report
Crude Oil: Tug Of War…
Crude bears came out of hibernation yesterday. After brushing against 6-month highs at $105 a barrel last Friday, West Texas Intermediate (WTI) crude oil spiraled lower by nearly $2 a barrel on Tuesday. What has this commodity careening lower? Investors are concerned US inventories are on the verge of swelling beyond seasonal norms. In fact, […]
