Silver as an investment

WTI Tumbles After Surprise Crude Inventory Build

zerohedge.com / by Tyler Durden / Aug 1, 2017 4:36 PM

Following the ugliest day in a month for WTI (on OPEC production increase survey), bulls hopes rest on tonight’s API data confirming the recent trend of inventory draws but that was not to be. Against expectations of a 3.1mm draw, API reported crude inventories built by 1.78mm barrels last week. The kneejerk reaction was clear – down hard.

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