WTI trades near more-than-a-week low amid high stockpiles

Source: Bloomberg
West Texas Intermediate oil was traded close to the lowest level in more than one week on Thursday after the U.S. government reported that inventories in the country rose to the strongest level in 82 years. WTI for delivery next month was traded at $90.87 a barrel on the NYMEX, while yesterday it decreased $2.43 to close at $91.03, recording the largest drop since April 15 and the lowest since April 23.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.