Benchmark crude WTI rose 1.07% to $80.33 a barrel. Prices continue to try to find some momentum to stay above the $80 level.

European markets are trending lower today and the US government is expected to hit its $31.4 trillion debt ceiling today. Treasury Secretary Janet Yellen has urged Congress to protect the country’s creditworthiness.

Latest figures from the American Petroleum Institute indicate that oil stocks rose by 7.6 million barrels in the week ended January 13….



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