​WTI Dips After Crude Inventories Build To Highest In 3 Months – Tyler Durden

WTI Dips After Crude Inventories Build To Highest In 3 Months Oil price are trading higher this morning after treading water for two days (lower than pre-election) following API’s report of a (unexpected) small crude inventory draw and despite a strong dollar. However, the IEA on Thursday warned that the oil market faces a surplus of more than 1 million barrels a day next year, which could swell further if OPEC+ decides to press ahead with supply hikes. “World oil supply is rising at a healthy clip. Following the early November US elections, we continue to expect the United States to lead…  — Continue at ZeroHedge News : Read More