WTI Crude has reversed directions on Wednesday, as crude futures trade at $36.71 per barrel in Wednesday’s North American session. In economic news, Crude Oil Inventories surprised the markets with a surplus of 2.6 million. Pending Home Sales came in at -0.9%, well below expectations.
Crude oil prices have dropped sharply on Wednesday, reversing the gains made a day earlier. WTI/USD has lost over 3% of its value on Wednesday, responding sharply to an unexpected surplus in crude inventories. The weekly indicator surged…
Crude Slides as Crude Inventories Post Surplus
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