WTI surges above $90.00 a barrel as US oil inventories fall

• WTI is trading above $90.00 and is up more than 2% weekly.
• The US government reported that oil-related products contracted, a tailwind for oil prices.
• WTI remains neutral but a break above $93.62 could send oil prices higher to the 200-day EMA.

Western Texas Intermediate (WTI), the US crude benchmark, is up nearly 2% as the US dollar weakens ahead of the Fed’s decision, while US inventories tumbled as refiners over the winter…