WTI crude touched a marginal new four-month low in the past hour at $95.17 but it has quickly bounced by more than $1 after the EIA inventory data even though the build was larger than expected.
A close below $95.43/00 would clear the way to a test of $92.50 but indicators are oversold and the inability to make a clean break suggests a further bounce is more likely to come before a selloff but it depends on the situation in Europe.
