Commerzbank expects US crude output to drop as prices stay weak
Commerzbank commodity analyst Carsten Fritsch notes that while the oil market currently faces a significant surplus of roughly 2.8 million…
Tag: Supply and Demand
WTI Declines: EIA Inventory Draw Counteracts API Build, While Russian Sanctions Provide Floor
West Texas Intermediate (WTI) US Crude Oil is trading around $59.00 on Wednesday, down 2.80% on the day. The price…