More Signs That The US Shale Oil Boom Is Fizzling Out & OIl Bear Market Getting Worse?

This surprise amount of oil inventory increase in the US will not help oil prices rally. Here’s a robust update on the oil market…

by Jason Burack via Wall St For Main St

The American Petroleum Institute (API) has estimated a major crude oil inventory build of 10.45 million barrels for the week ending October 10—compared to analyst expectations of a much smaller 2.878-million-barrel build.

This surprise amount of oil inventory increase in the US will not help oil prices rally.

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