Oil prices have been levelling off the last couple of days after enjoying a strong rebound from last Monday’s sell-off. There hasn’t really been much development on this front since the start of the week. Oil, like other risk assets, has been in wait-and-see mode, something that will likely change in the coming hours and days. The API inventory data may jolt crude prices back into life a little ahead of the close on Wall Street. Investors brushed aside last weeks surprise inventory build, from both API and EIA, and instead focused on the strong fuel demand. EIA is expected to report a 3.4 million draw on Wednesday, a ... (full story)