WTI crude oil stabilising

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Yesterday the US Department of Energy published its latest summary of crude oil inventories for the week ending January 29, 2016. The report showed several indications that would normally cause oil prices to fall. For one, total US commercial crude inventories rose by 7.8 million barrels which lifted stocks to above 500 million barrels for the first time since 1930! The build was also significantly more than expected and higher than the 3.8 million barrel increase that was reported by the

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