19 Feb 2015
Oil collapses in after-hours trade on API data
FXStreet (Bali) - Oil prices have seen a late US fall after API data showed a much higher than expected 14.3mn barrel build during last week.
WTI, in after hours trade, hit a low of $50.35/barrel after reaching highs of $54/bl earlier on the week. The front contract is now threatening to test the $50 mark.
WTI, in after hours trade, hit a low of $50.35/barrel after reaching highs of $54/bl earlier on the week. The front contract is now threatening to test the $50 mark.