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