Courtesy of the FXWW chatroom:
OIL: Oil prices are tumbling in response to API data showing a huge 14.3mn
barrel build in the last week. WTI (afterhours) holds at 50.37/bl and just hit a
low of $50.35, compared to its settlement earlier at $52.14. The front contract
has taken out Tuesday’s low of $50.81 with the focus now on the psychological
$50 mark
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