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OCTOBER 30,2019
Expected inventory growth WTI crude oil fell two times in a row
2019-10-30 13:27
The market's expectation of last week's US crude oil inventory growth dampened Bulls' confidence, while uncertainty over the broader environment still limited the upside space for oil prices. Tuesday (October 29) New York Mercantile Exchange West Texas light oil futures settlement price in December 2019 was $55.54 per barrel, down $0.27 or 0.5% from the previous trading day, with a trading range of $54.61-55.91; London Intercontinental Exchange Brent crude oil futures settlement price in December 2019 was $61.59 per barrel, up $0.02 or 0.03% from the previous trading day, with a trading range of 60.66-61 .98 dollars.
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