WTI crude retreats from four - week high as U.S. stockpiles
Bareksa • 29 Jan 2014
A general view of pipelines is seen at the Zueitina oil terminal in Zueitina (REUTERS)
The U.S. is getting another blast of arctic air this week
Bloomberg - West Texas Intermediate retreated from the highest price in four weeks after an industry report showed crude stockpiles increased in the U.S., the world’s biggest oil consumer.
Futures slipped as much as 0.4 percent in New York after yesterday’s 1.8 percent gain. Crude inventories advanced by 4.75 million barrels last week, the industry-funded American Petroleum Institute said. An Energy Information Administration report today is forecast to show supplies rose by 2.25 million, according to a Bloomberg News survey.