WTI trades near one - week low as crude stockpiles seen risi
Bareksa • 28 Jan 2014
A refinery worker walks near distillation towers, which are used to separate crude oil into lighter and heavier hydrocarbons during the refining process, in Tula ((REUTERS)
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.