Mumbai, Dec. 19 -- WTI Crude oil futures failed to hold onto rally from four-year low amid expectations of comfortable global supplies and tepid equities. Equities are under some stress amid lingering concerns over stretched artificial intelligence valuations resurfaced. WTI Crude has turned down towards $55 per barrel.
Meanwhile, Crude oil inventories in the United States decreased by 1.3 million barrels during the week Ending december 12, after losing 1.8 million barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday.The decrease brings commercial stockpiles to 424.4 million barrels according to government data, which is 4% below the five-year average for this time of ...