WTI Holds Gains After API Reports Across-The-Board Inventory Builds
January 31, 2023 at 16:43 PM EST
Oil prices rallied on the day, with WTI rebounding back above $79 as factors ranging from the end of the Fed’s (dovish) rate increases to swelling demand in China give bulls more ammunition. “The main driver for oil lately has been the potential for a resurgence of oil demand out of China, which may continue […] Source
