WTI treads water around $80.00 ahead of the EIA report – by pabspiovano Oil Commodities Energy
The API reported a nearly 3.4M barrels build late on Tuesday.trade without a clear direction around the key $80.00 mark per barrel on Wednesday.Prices of the commodity came under pressure following Monday’s new 2023 high past the $82.00 mark per barrel.
On this, the API reported a nearly 3.4M barrel build in the week to January 20 late on Tuesday, which appears to have been weighing on the traders’ sentiment so far in the session along with persistent recession concerns and their expected impact on the demand for crude oil. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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