West Texas Intermediate (WTI) US Crude Oil fell back on Wednesday, trimming recent gains and snapping a three-day bullish streak and falling back below $80.00 per barrel.
Crude Oil markets decline as investment sentiment recedes. Midweek market flows shed weight as Treasuries squeeze out risk appetite. WTI stumbles after hitting three-week highs. West Texas Intermediate US Crude Oil fell back on Wednesday, trimming recent gains and snapping a three-day bullish streak and falling back below $80.00 per barrel.
Economic Indicator EIA Crude Oil Stocks Change The EIA Crude Oil stockpiles report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates, and it's released by the Energy Information Administration. This report tends to generate large price volatility, as oil prices impact on worldwide economies, affecting the most, commodity related currencies such as the Canadian dollar.
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