Commodity Blog |
Crude Oil Falls, Bounce Is Likely Posted: 16 Jan 2013 07:56 PM PST Crude oil rallied yesterday as US inventories unexpectedly declined. Brent and WTI crude retreated somewhat today. US stockpiles of crude fell by 1.0 million barrels to 360.3 million barrels last week, while analysts have predicted an increase by 2.0 billion barrels. Still, the reserves were well above the upper limit of the average range for this time of year. The increase of the previous week was by 1.3 billion barrels. Fundamental analysts [...] |
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