Oil Retreats With Inventories In Focus
US Crude Oil is under pressure again this morning, falling 1.6% after API reported a weekly inventory build of 1.8 mmbbls last night. Oil may remain active today with DOE weekly inventories (street -2.7 mmbbls vs previous +2.9 mmbbls) due at 10:30 am EST. Natural Gas is having a better day so far, climbing 2.0%. […]