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Oil prices end lower as U.S. supply climbs a 4th week and after IEA deems supercycle unlikely


Oil prices end lower as U.S. supply climbs a 4th week and after IEA deems supercycle unlikely
MarketWatch
4 days ago
FUTURES MOVERS
Oil futures ended with a loss on Wednesday, after the U.S. government reported a fourth consecutive weekly climb in domestic crude inventories and International Energy Agency deemed a “supercycle,” or sustained rise in prices for the commodity, unlikely in its latest forecast.
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The Energy Information Administration reported Wednesday that U.S. crude inventories rose by 2.4 million barrels for the week ended March 12. The followed increases reported by the agency in each of the previous three weeks. ....

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