WTI steadies as traders brace for the EIA report after a massive API build, with the war premium keeping crude oil supported despite bearish inventory concerns.

Crude oil inventories in the United States decreased by 1.3 million barrels during the week ending December 12, after losing 1.8 million barrels in the week prior, according to new data from the U.S.

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The EIA report includes crucial refinery utilization data, providing deeper insights ...

WTI slips toward $59.00 on Wednesday, declining 2.80% on the day. API data showed a build in US Crude stocks, while the Energy Information Administration reported a sharp drawdown. Upcoming US ...

Traders await the EIA report, hoping a fuel draw will finally push crude above the 50-day moving average at $60.66. API data showing a 4.45M crude build raises oversupply concerns, but traders still ...

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The API report is based on voluntary survey responses from its members, which include ...