WTI crude oil is at the lows of the day, down $1.62 to $72.49.The Boxing Day rally has now been completely wiped out and crude is lower on the week.The drop in oil comes despite a bullish weekly oil inventory report that showed:Crude -7114K vs -2704K expGasoline -669K vs +208K expDistillates +741K vs +600K expRefinery utilization +0.9% vs +0.2% expectedProduction mbpd 13.3mbpd vs 13.3mbpd priorImplied mogas demand 9.17 mbpd vs 8.75 mbpd priorOil is in danger of falling to the lowest since Dec 18. A lower weekly close would also end a streak of two small weekly gains that had followed an eight-week losing streak. The market isn't too concerned about the Red Sea, it seems. Th
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