WTI crude oil prices erased the gains made in the previous day despite a surprising decline in US oil inventory. Investors’ focus was instead on the US budget deal as the approval of which might pave the way for the Fed to begin tapering next week. The front-month WTI contract dropped -1.09% while the Brent crude contract climbed +0.29% during the day.
See more here:
US Crude Inventory Plummeted Over 10 mmb
Leave a Reply
You must be logged in to post a comment.