​WTI Rallies After API Reports Across-The-Board Inventory Draws – Tyler Durden

WTI Rallies After API Reports Across-The-Board Inventory Draws Oil prices dipped very marginally today (with WTI holding above $70), down for the fourth day in a row as traders focused on an uncertain demand outlook – particularly from China, the world’s largest crude importer. Additionally, traders have “largely priced in the Middle East tensions,” and the base-case scenario for many of them is that there will be a limited attack on Iranian energy facilities, if any, from Israel, Naeem Aslam, chief investment officer at Zaye Capital Markets, told MarketWatch. However, “the fact is that we are looking at a situation…  — Continue at ZeroHedge News : Read More