WTI Oil drops as Inventories rise

The West Texas Intermediate oil slipped for the second time on Wednesday, after reports from the industry data showed U.S inventories increased for a fourth week  .

Reports from the American Petroleum Institute showed that the U.S oil stockpiles rose to 532,000 barrels last week. With a decline of 1 million barrels expected, investors will closely monitor the government reports on oil inventories.  Read more

More Things You Should Know About Oil Trading

One of the most important natural resources we have is crude oil. This is widely used in different sectors especially in emerging countries like India and China. The GDP of these two countries reveal their fast growth and have become the top buyers of oil in the world market. As a whole, Asia is the largest consumer of oil and accounts for more than 31% of the global oil demand. Read more