WTI Holds Gains As ‘Tank Bottoms’ Loom After Big Draw At Cushing Hub
September 18, 2024 at 10:38 AM EDT
By ZeroHedge Oil prices continued their recent rally off three-year lows this morning (rebounding from weakness overnight following the unexpected crude build reported by API) ahead of today’s FOMC decision and pushed higher by re-awoken geopolitical risk premium after Israel’s pager-op on Hezbollah prompted the start of retaliations. The weak preliminary inventory data from API […] Source
