Sharp Increase in Fuel Inventory Keeps Sentiment Weak

Risk sentiment failed to pick up as US oil inventory report reminds the market of supply glut in the energy markets. Although crude inventory registered less increase than expected, both gasoline and distillate stockpiles soared sharply. Crude oil benchmarks remained weak. Although the WTI contract managed to recovered after 7 consecutive days of decline…

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Sharp Increase in Fuel Inventory Keeps Sentiment Weak