​WTI Extends Losses After API Reports Small (Surprise) Crude Build – Tyler Durden

WTI Extends Losses After API Reports Small (Surprise) Crude Build Oil prices limped lower once again today (5th decline in the last six days) as stocks stalled and a potential cease-fire in Gaza built on mounting concern about the global demand outlook. On Monday, US Secretary of State Antony Blinken said that Israel accepted a cease-fire proposal and that the next step was for Hamas to agree. In response, the militant group pushed back against the US, denying claims that it was stalling negotiations and saying it was “keen” to reach an accord. Meanwhile, China’s worsening economic malaise is keeping the market subdued. Recent data showed…  — Continue at ZeroHedge News : Read More