Crude Retreated on Profit-Taking, after Sharp Fall in US Stock

Crude oil prices retreated in European morning, following the rally in the prior day. We believe the strength yesterday was mainly driven by USD weakness and the sharp decline in US inventory. The front-month WTI contract added +2.15% on Wednesday, following a +3.44% increase on Tuesday.

from Oil N' Gold Focus http://ift.tt/1JH6v3B