2:44 PM · 15 April 2020

BREAKING: US Crude Oil Stocks rose more than expected

According to the Energy Information Administration oil inventories in the US increased by 19.2 million barrels in the week ending April 10th. This reading came well above market expectation of 11.6 million barrels. It is the biggest one-week rise in crude inventories since the series began in 1982.

Oil (OIL.WTI) is currently testing key support at $19.21 per barrel. Should a break below occur, downward move may accelerate. Source: xStation5

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