WTI Crude Slumps To $50 Handle On Larger-Than-Expected Inventory Build
API released its crude oil inventory data to subscribers and it printed an enormous 14.3 million barrel build (EIA tomorrow forecast at 3 million barrel build). This has sparked further weakness in WTI (not helped by refinery strikes, refinery fires, and storage capacities), pushing it to a $50 handle...
WTI back with a $50 handle...
Breaking below yesterday's V-Shaped recovery lows...
One word - Stabiliteee.....
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Whats the difference between "the 50 handle" and just saying $50?