Live Breaking News & Updates on Oil Price Reverses Ahead Of Weekly

Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall
2021-01-27 20:00:00
David Song,
Strategist
Oil Price Talking Points
The price of oil preserves the range bound price action from earlier this week following an unexpected contraction in US crude inventories, and key market themes may keep energy prices afloat as oil production remains subdued.
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Oil Price Reverses Ahead of Weekly Low as US Crude Inventories Fall
The price of oil bounces back ahead of the weekly low ($51.82) as fresh data prints coming out of the US instill an improved outlook for demand, with crude inventories falling 9.91M in the week ending January 22 versus forecasts for a 0.43M rise. ....

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