Tortoise Portfolio Manager Quinn Kiley in Bloomberg

Oil Falls With Rising U.S. Supplies an Obstacle to Recovery

  • Domestic crude inventories rose for first time since December
  • Stronger dollar, near-term lockdown risks also weigh on prices

Oil declined the most in a week with rising U.S. crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump.

Read the rest on Bloomberg: https://www.bloomberg.com/news/articles/2021-01-21/oil-set-for-weekly-gain-with-dollar-overshadowing-demand-woes

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