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Rich Asplund

Crude Oil Falls on Bearish Weekly Inventory Report and IEA Oil Surplus Forecast

Oil IEA United States EIA Donald Trump International Energy Agency OPEC

September WTI crude oil (CLU25) on Wednesday closed down -0.52 (-0.82%), and September RBOB gasoline (RBU25) closed down -0.0040 (-0.19%).

Crude oil prices on Wednesday fell due to a bearish weekly EIA crude inventory report of +3.0 million bbls and a bearish oil surplus forecast by the International Energy Agency.

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