Trading The US Crude Oil Inventories
Investors pointed to the American Petroleum Institute’s (API) US Inventory Data, issued Tuesday, as weighing on prices. The U.S. Energy Information Administration (EIA) will issue its Inventory Data today at 10:30 AM ET. If the increase in Crude Inventories is more than expected, it implies weaker demand and is Bearish for Crude prices. The same can be…