WTI Extends Losses After API Reports Big Surprise Crude Build
May 31, 2023 at 16:37 PM EDT
Despite Saudi threats to the shorts, oil prices ended significantly lower to cap an ugly month ahead of OPEC’s meeting this weekend after a weak China PMI print overnight and nothing from US data to spur any excitement. Prices “remained on the defensive after China’s manufacturing PMI showed more signs of weakness in May, adding […] Source
