Crude Oil Prices Face New Headwinds

SUGAR LAND--July 9, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--After falling almost 8% on Monday and another 4% on Tuesday, the price for West Texas Intermediate (WTI) crude oil futures was greeted with further headwinds on Wednesday as the U.S. Energy Information Administration (EIA) reported that U.S. crude oil inventories had risen by more than 380,000 barrels to 465.8 million barrels for the week ending July 3, despite the expectations of many analysts that there would be a drawdown for the week.

Within this article: Details on the crude-oil market and the outlook for prices.