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Home » ​WTI Dips Back Toward Six-Month Lows After API Reports Across-The-Board Inventory Builds – Tyler Durden

​WTI Dips Back Toward Six-Month Lows After API Reports Across-The-Board Inventory Builds – Tyler Durden

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​WTI Dips Back Toward Six-Month Lows After API Reports Across-The-Board Inventory Builds – Tyler Durden

WTI Dips Back Toward Six-Month Lows After API Reports Across-The-Board Inventory Builds Today saw some respite in the recent rout for oil prices as WTI stalled its decline around $73 (just off six-month lows) as stocks bounced and lifted Treasury yields, supporting crude for now. Concerns remain about the outlook for crude demand in China and the U.S. A run of softer-than-expected economic data late last week set in motion the stock-market selloff and weighed on oil futures, analysts said. Downside appeared to be limited, however, by expectations that Iran would launch retaliatory strikes after it blamed the assassination of…  — Continue at ZeroHedge News : Read More