WTI Slumps To 2-Week Lows After Biggest Crude Build In 20 Months
Zero Hedge -

After holding around $75 yesterday amid storm news as Hurricane Michael shut more offshore oil platforms and the International Energy Agency warned that the global market is entering a “red zone," today saw risk-off sentiment slam it lower, back below $73 ahead of tonight's API data.

Globally, supplies from Iran and Venezuela have been shrinking, creating a “risky situation” for the world economy, said IEA Executive Director Fatih Birol.

Gulf operators shut 718.9k b/d of oil production...


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