Energy Information Administration’s

  • Crude Oil
    Crude Oil Valuation Update – Exposed to Heavy Hedge Fund Liquidation

    Crude Oil Valuation Update – Exposed to Heavy Hedge Fund Liquidation

    The United States West Texas Intermediate crude oil futures are trading marginally higher following the release of the United States Energy Information Administration’s (EIA) weekly inventories report. The market is also trading inside yesterday’s broad range, which intimate’s investor indecision and impending volatility. At 14:30 GMT, the EIA report showed a 3.1-million-barrel drawdown. This was somewhat above the 3.6-million-barrel drawdown…

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