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WTI crude oil futures turned lower in response, trading flat now at $72.27/bbl after hitting $73.50/bbl earlier.
The weekly EIA crude oil inventories showed a build of 1.34 million barrels versus last week’s draw of 5.5 million barrels.On a related note, the S&P 500 energy sector (-1.0%) has extended its loss recently. The materials sector (-0.4%) is another underperformer.
While geopolitical tensions swirled in the Middle East, Russia and with Taiwan heading to elections with the usual Chinese threats and bluster crude o
[See the full post at: Around The Barrel – Crude Oil and Gasoline Traders Outlook for The Week Ahead]
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