WTI rises on surprise inventory decline ahead of OPEC cuts

Analysis of US Crude Oil (WTI).

• Lower oil Stocks and Biden’s SPR confirmation see bounce oil Prices
• Key WTI Crude Technical Considerations Ahead of OPEC+ Production Cut
• IG customer sentiment shows a mixed outlook, although longs outweigh shorts 2-1

Lower oil inventories and Biden’s SPR confirmation see oil prices rise

U.S. Crude Oil (WTI) turned higher after an unexpected drop in crude inventories…