A Graphical History Of Oil Prices

A Graphical History Of Oil Prices

“Traders are getting antsy and think this is a global oversupply pushing barrels into the U.S.,” Michael Loewen, commodities strategist at Scotiabank in Toronto, told Bloomberg by phone on Wednesday after US crude stocks unexpectedly rose 2.26m bbl versus consensus of a 2.5m bbl draw. WTI fell, breaking a three-day winning streak: Here's the full breakdown via Bloomberg: Nationwide crude stockpiles rose 2.26m bbl, driven by 1.3m bbl increase in physically disconnected PADD 5 region a
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