
Commodity Market: US Crude Oil retreats as API reports unexpected rise in oil stocks, stimulus expectations cap losses
January 21, 2021 10:20 am
After two straight trading days of gains, futures on US West Texas Intermediate Crude Oil eased on Thursday, as an industry report revealed an unexpected increase in US crude oil stocks, which once again brought forth concerns over demand. The American Petroleum Institute (API) reported on Wednesday that US crude oil inventories had risen by […] Read more