WTI Extends Losses After Biggest Crude Build In 3 Years

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...