Strong Crude Inventory Draws Keep Markets On Edge

After trying to grab ahold of the fifty dollar handle, WTI has
lost its grip and is sliding lower in the forty dollardom once
more. Even though U.S. inventories look set to descend through
August, global oversupply concerns are overshadowing this
supportive influence. Hark, here are some things to consider in oil
markets today.In terms of U.S. oil inventories in August, it has
been a mixed bag for movement in the last five years (build / build
/ draw / draw / draw). While record refinery runs and rising
exports are helping to draw stocks this summer,…

After trying to grab ahold of the fifty dollar handle, WTI has
lost its grip and is sliding lower in the forty dollardom once
more. Even though U.S. inventories look set to descend through
August, global oversupply concerns are overshadowing this
supportive influence. Hark, here are some things to consider in oil
markets today.In terms of U.S. oil inventories in August, it has
been a mixed bag for movement in the last five years (build / build
/ draw / draw / draw). While record refinery runs and rising
exports are helping to draw stocks this summer,…