WTI awaits stockpile data with 16-month lows

Source: Bloomberg
© Scanpix/AP
West Texas Intermediate neared almost year-and-a-half lows before the release of the stockpile data which may or may not show the robustness of U.S. fuel demand. Crude stockpiles may have added 750,000 barrels in the previous week, totalling to 363 million, the highest levels since September 2012. WTI for November came in at $91.86 per barrel, showing a 30 cent gain. Two days ago, the contract ended at $91.52, which is lowest since May of last year.
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