Oil prices fell for the second consecutive day on Tuesday, amid signs of rising US crude oil inventories.
The outlook of rising US Crude Oil inventories for the sixth week impacted oil prices negatively, reflecting the continued weak demand rates compared to the supply.
Pointed to the high expectations of US crude oil inventories to 381.2 million barrels for the week elapsed on the seventh of November. So before the official report is expected on Wednesday by the US Energy Agency.
This oil is expected to remain volatile until the release of US crude oil inventories data tomorrow -baattabar United States the largest energy consumer in the world.
The expectations pointed out to a rise of 381.2 million barrels on the seventh of November, before releasing the official report on Wednesday by the US Energy Information Administration (EIA).
Oil is expected to remain volatile until releasing the EIA report tomorrow for the United States, the largest energy consumer in the world.