WTI trades near one - week low as crude stockpiles seen risi
Energy markets have risen quite strongly and a healthy pullback is normal
Energy markets have risen quite strongly and a healthy pullback is normal
Bloomberg - West Texas Intermediate traded near the lowest price in a week amid speculation a government report will show crude stockpiles increased in the U.S., the world’s biggest oil consumer.
Futures were little changed in New York after declining for a second session yesterday. Crude inventories probably climbed by 2 million barrels last week, according to a Bloomberg News survey before data from the Energy Information Administration tomorrow. Gasoline supplies increased while distillate stockpiles fell, the survey shows.
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