WTI Extends Intraday Rebound After Bigger Than Expected Crude, Gasoline Draws
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WTI Extends Intraday Rebound After Bigger Than Expected Crude, Gasoline Draws

Oil prices ended relatively unchanged today, despite some significant swings intraday as investors worried that global demand could be dented by surging COVID-19 cases, even though supplies are tightening and vaccination rates rising.

"The API inventory data may jolt crude prices back into life," said Craig Erlam, senior analyst at OANDA.

API

Crude -4.728mm (-2.55mm exp)

Cushing -126k

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