International Business Times: Oil prices mixed ahead of EIA inventory report

International Business Times

Oil prices mixed ahead of EIA inventory report Mar 27th 2013, 13:15 After three strong up days the spot WTI contract is on the defensive this morning ahead of today's EIA oil inventory report. WTI is now in a new higher technical trading range with $94.50 the support area and $97 the current resistance level. Last night's API inventory report showed a much larger than expected build in crude oil stocks in the US which is currently keeping a short term cap on prices until the more widely followed EIA report is issued later this morning.

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