by Matthew V. Veazey
Wednesday, September 11, 2019
The WTI and Brent crude oil benchmarks fell greater than two % Wednesday.
The West Texas Intermediate (WTI) and Brent crude oil benchmarks fell greater than two % Wednesday.
The October WTI contract value misplaced $1.65 throughout midweek buying and selling, settling at $55.75 per barrel. The sunshine crude marker peaked at $58.30 and bottomed out at $55.61.
Steve Blair, senior account government with the RCG Division of Marex Spectron, advised Rigzone that this week’s U.S. Vitality Data Administration (EIA) home business crude stock report confirmed a big drawdown that confirmed figures launched Tuesday by the American Petroleum Institute.
Blair additionally identified demand for U.S. crude exports stays…