Nearly a buck lost quick smart after EIA data shows a build
You've got to love the oil inventory data when it pulls a switcheroo like that.
WTI was happily sailing up around the $45 mark, having been supported by the API numbers yesterday.
That bubble went pop as the EIA data showed a build.
$44 is holding a good chunk of support and the inventory data is often short term noise against whatever direction the trend is. In this case it's up so be prepared to see it head back up in a while or sooner. If 44 breaks there's further support at 43.80 with stronger at 43.50/60.
