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Crude Oil Facing Further Falls as Inventories Mount

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Crude oil traders are again preparing for falls as the latest API inventory data points to a 4.1 million barrel build in oil stocks. The tumultuous path of crude oil has been an interesting study in markets as the black gold again appears to be swirling around the drain hole. Recent figures released by the American Petroleum institute signal a build in oil stocks when the official EIA figures are released later. WTI prices have subsequently been under pressure late today as the market grapples

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