WTI crude oil takes a beating, settles 7.5% lower on the day
WTI settles down $5.39 to $66.42 I read a great note today from RBC arguing that the physical market is tight inventories continuing to draw down to some of the lowest levels in 6 years. On top of that, China and Indian are refining more than they''re importing so they''ll be back as buyers soon. By Adam Button
WTI crude oil takes a beating, settles 7.5% lower on the day
WTI settles down $5.39 to $66.42 I read a great note today from RBC arguing that the physical market is tight inventories continuing to draw down to some of the lowest levels in 6 years. On top of that, China and Indian are refining more than they''re importing so they''ll be back as buyers soon. By Adam Button