WTI crude oil spiked 5.6% to US$47.07 per barrel on Nymex Wednesday (Sept 16) despite competing stories surrounding the commodity. Some media outlets highlighted ‘crude oil production outpaces consumption growth’ or ‘crude oil prices are trading in a downward trending range’, while others pointed to ‘US crude supplies mark first fall in 3 weeks’ or ‘US crude stockpile drop ahead of Fed’.To subscribe please click here
