Crude Oil Price Fundamental Outlook

At the moment, what are the current prices of US oil? Check this out on the 13 February Crude Oil Price Fundamental Outlook.

13 February, OctaFX – The American Petroleum Institute (API) will release its weekly crude inventory report at 21:30 GMT, which is a precursor to the official data provided by the US Energy Information Administration (EIA) the following morning.

13 February Crude Oil Price Fundamental Outlook

Crude prices are fresh off their worst week in two years, as prices crashed more than 10% in the wake of fresh inventory data and signs of surging US shale output. Markets flatlined at the start of the week but have since rallied amid renewed dollar weakness. US oil prices were last seen trading around $59.68 a barrel for a gain of 0.7%.


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