Tortoise Portfolio Manager Brian Kessens in Bloomberg

Oil Rally Pauses With Fuel Buildup Dimming Tighter Crude Supply

  • Domestic crude stocks fell by over 3 million barrels last week
  • Refined product builds and stronger dollar weigh on prices

Oil’s red-hot rally took a breather as a stronger dollar and rising refined products supplies offset shrinking U.S. crude inventories, capping the price under a key technical indicator.

View on Bloomberg: https://www.bloomberg.com/news/articles/2021-01-12/oil-rally-holds-near-10-month-high-on-signs-of-easing-stockpiles

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