- US gasoline inventories surged on Thursday, eating away at EIA Crude Oil inventory decline.
- Front-loaded oversupply set to continue pressing Crude Oil lower as OPEC struggles to cut further.
- OPEC attempts to prop up Crude Oil bids with Declaration of Cooperation.
West Texas Intermediate (WTI) US Crude Oil backslid on Thursday despite a decline in Crude Oil supplies, with gasoline reserves surging higher according to data from the Energy Information Administration (EIA).
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