Oil Down, Loses Momentum After Reaching High By Investing.com – Investing.com

Oil Down, Loses Momentum After Reaching High By Investing.com – Investing.com

By Gina Lee

Investing.com – Oil prices slid for a second straight day after peaking with a seven-year high at the start of the week, after a jump in U.S. crude inventory was discovered.

showed a . Forecasts prepared by Investing.com had predicted a build of 1.914 million barrels, while a 431,0000-barrel draw was recorded during the previous week.