Oil and Energy Stocks Plunge Amidst Economic Concerns and Dollar Fluctuations.
TL;DR Summary
Crude oil inventories in the US fell by 3.939 million barrels, according to the American Petroleum Institute, but oil prices continued to slip due to concerns over unremarkable industrial data from China and the possibility of the Fed hiking rates. WTI was trading down $3.95 (-5.22%) on the day at $71.71 per barrel, while Brent crude was trading down $3.93 (-4.96%) on the day at $75.38.
Topics:business#american-petroleum-institute#brent-crude#crude-oil-inventories#energy#oil-prices#wti
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