WTI crude erases losses in post-inventory rebound

Author: Adam Button | Category: News

Crude battles back to nearly unchanged levels

The US petroleum inventory report showed another big build in products and that sent crude down to a low of $57.36.

Since then it's marched back to unchanged levels at $58.09 in an early sign of resilience despite a moderating risk trade. Here's a look at the past three days:
Crude battles back to nearly unchanged levels
In the bigger picture crude has struggled to find a footing in the fallout from the Iran drama. It rose yesterday for the first day since the strikes on US bases in Iraq and is down to early-December lows.

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