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WTI crude touches a fresh 2023 high but settles lower

Oil touched a fresh high this year of $89.64 but profit taking ahead of the big figure capped the gains and oil fell into settlement, with WTI finishing down 32 cents.Before that, it was a choppy day for crude as it slipped ahead of the weekly oil inventory report only to rally afterwards despite a surprisingly large build in US stockpiles. EIA crude inventories rose by 3.954 million barrels compared to a draw of 1.912 million forecast. The gasoline and distillates numbers were also bearish.In t... Read More

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Crude

Touches

Fresh

2023

High

Settles

Lower

Forex

Posted: Sep 13 2023, 18:34

Author Name: forexlive

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