WTI Price Tumbles On Biggest Crude Build In 19 Months

WTI Price Tumbles On Biggest Crude Build In 19 Months

Modest overnight gains following API's data have been erased as DOE reports a massive (biggest since March 2017) crude build

“We’re right in the middle of refinery maintenance season and you’ll probably see a lot of demand coming offline,” says Michael Loewen, a commodities strategist at Scotiabank. “It might take a few market participants by surprise to see a larger build than what we are used to in crude oil inventories”

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