Crude oil prices fell further today after the Energy Information Administration
reported a crude oil inventory build of 4.4 million barrels for the week to January 15.
This compared with an inventory decline of 3.2 million barrels estimated by the EIA for the previous week.
Oil prices have been extra volatile this week as expectations of a fatter U.S. stimulus plan from the Biden administration clashed with concerns about the continuing pandemic and extended or renewed lockdowns. with all the convers about the new lockdowns oil might finally found support
$50 before breaking out $53 resistance level
reported a crude oil inventory build of 4.4 million barrels for the week to January 15.
This compared with an inventory decline of 3.2 million barrels estimated by the EIA for the previous week.
Oil prices have been extra volatile this week as expectations of a fatter U.S. stimulus plan from the Biden administration clashed with concerns about the continuing pandemic and extended or renewed lockdowns. with all the convers about the new lockdowns oil might finally found support
$50 before breaking out $53 resistance level
