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<p>Crude oil is spiking. </p><p>On Monday morning, West Texas Intermediate crude oil futures surged into the green, after being down by about 2%, to as high as $42.75 per barrel. Brent crude also rallied nearly 2%, to about $45.73 per barrel. </p><p>The official news agency of Saudi Arabia released a statement saying the government was prepared to cooperate with other oil producers to ensure a stable market. </p><p>"The cabinet stressed the Kingdom's role in the stability of the oil market, its constant readiness and continuing pursuit to cooperate with all oil producing and exporting countries," the <a href="http://www.spa.gov.sa/english/viewphotonews.php?id=1422153&amp;pic=">statement</a> said.</p><p>Elsewhere in commodities, copper was barreling down towards $200 for the first time since 2009. </p><p>Stock futures were little changed ahead of the open, with Dow futures up 10, and Nasdaq and S&amp;P 500 futures flat.</p><p><div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Investing.com" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/56530581c2814463008b4a05-960/screen shot 2015-11-23 at 7.18.58 am.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Investing.com</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/james-altucher-american-dream-college-housing-debt-career-2015-11">JAMES ALTUCHER: The American Dream is a lie</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="pxa24weTqtZQduLr4vlODX7xiO2oUVG5" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Crude oil is spiking

<p>Crude oil is extending a slide that began on Friday as OPEC met in Vienna.</p><p>At its meeting, the oil cartel decided to set its production level at 31.5 million barrels per day, and did not agree on what the new limit should be. </p><p>On Monday morning in New York, West Texas Intermediate crude futures were down about 2.7%, and fell to as low as $38.88 per share. WTI fell nearly 3% on Friday. In August, WTI hit a year-to-date low of $37.75.</p><p>Brent crude was also getting slammed, and fell nearly 2% to as low as $42.12 per share. </p><p>After OPEC's meeting, commodity strategists at Goldman put out a note saying that oil prices could <a href="http://www.businessinsider.com/goldman-sachs-oil-market-view-after-opec-2015-12">plunge another 50%</a> in the coming months, as the oil market tries to rebalance the supply and demand situation.</p><p>OPEC members have ramped up production and have exceeded their quota for at least 18 months to try and push out smaller rivals like US shale producers. </p><p>Here's the drop in WTI:<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Investing.com" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/56658b31c2814449008b7e23-960/screen shot 2015-12-07 at 8.29.48 am.png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Investing.com</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/buying-power-dollar-over-60-years-groceries-2015-12">How the buying power of your dollar has changed over the past 60 years</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="Zka3R5cDqzjmfG8P8X7sTSfdEbK7ZTFv" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Crude oil is sliding

<p>Crude oil was down nearly 3% in morning trade on Wednesday. </p><p>West Texas Intermediate crude oil futures in New York dropped to as low as $42.97 per barrel. Futures touched a $42-handle in the last week of October, but last traded near those levels for a considerable period in August.</p><p>The energy sector led declines on the S&amp;P 500 in morning trade as the broader index remained largely unchanged. </p><p>It continues to be a story of oversupply, as markets await inventories data from the Energy Information Administration on Thursday that's expected to show crude stockpiles rose by one million barrels this week, according to a Reuters poll.</p><p>It would be the seventh straight week of a build in inventories. Data from the American Petroleum Institute on Tuesday showed that stockpiles rose by 6.3 million barrels to 486.1 million last week.</p><p>Also on Tuesday, two major oil bodies gave forecasts for lower oil prices. International Energy Agency executive director Fatih Birol told the FT that weak demand coupled with oversupply would keep oil prices under $80 per barrel until 2020.</p><p>And, the Energy Information Administration's monthly short-term outlook lowered the 2016 estimate for oil prices to $51.31 from $53.57. The 2015 forecast was raised to $49.88 from $49.53.</p><p>This chart shows the drop in WTI on Wednesday:<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image"><a title_source="Finviz" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/56436eb19dd7cc15008c9289-960/fut_chart (5).png"><span class="sprites click-to-enlarge-icon" title="Click to enlarge"></span></a><p class="source"><span>Finviz</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/amount-people-cattle-oil-texas-2015-4">These facts about Texas will blow your mind</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="lscWxubTpMckOGeoeVLd_ZvgtbKXxxuD" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p>Crude oil continued its slump towards $40 per barrel again on Tuesday.</p><p>West Texas Intermediate crude futures in New York fell more than 2% to as low as $42.75.</p><p>Earlier on Tuesday, <a href="http://www.bloomberg.com/news/articles/2015-10-27/u-s-plans-to-sell-down-strategic-oil-reserve-to-raise-cash">Bloomberg reported</a> that as part of the <a href="http://www.businessinsider.com/budget-deal-details-debt-ceiling-shutdown-2015-10">budget deal</a> reached between Congressional leaders and the White House last night, the US plans to sell millions of barrels of crude in its Strategic Petroleum Reserve (SPR) between 2018 and 2025.</p><p>The sale would total 8% of the 695 million barrels, and it's the second time the government has raised cash from the reserves according to the report. The SPR is an emergency stockpile held by the Department of Energy.</p><p>After the market close, the American Petroleum Institute will report its weekly numbers on crude oil inventories, followed by the Energy Information Administration tomorrow morning. The EIA has reported stockpile builds for the past four weeks.</p><p>Here's a chart showing the recent drop in crude oil.<div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Finviz</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/north-dakota-sex-trafficking-prostitution-oil-boom-police-raid-2015-3">The oil boom in North Dakota now has a serious sex-trafficking problem</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="xxbDR1czojfz4E5Rk_4cc9N3qtVx4rMc" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Crude oil is tumbling

<p>Crude oil is surging.</p><p>On Thursday morning, West Texas Intermediate crude oil futures in New York rallied more than 4% to as high as $47.07.</p><p>In a release Wednesday, the Energy Information Administration said that last week, US oil production fell 0.4% to 9.1 million barrels a day. In the same period, the number of barrels in storage rose by 3.95 million, more than expected and the most in four weeks. </p><p>A separate report showed that US production in July rose to 9.358 million barrels a day, compared to 9.29 in June.</p><p>Brent crude, the international benchmark, was also rallying, up nearly 3% to around $48.41 per barrel. Reuters <a href="http://www.reuters.com/article/2015/09/30/us-markets-oil-idUSKCN0RU01J20150930">reported</a> that Russian airstrikes in Syria were stoking concerns about supplies from the region.</p><p>The third quarter was the worst for Brent and WTI since Q4 in 2014, falling nearly 24%.</p><p>Here's a chart showing the spike on Thursday morning:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>Finviz</span></p></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/global-market-meltdown-stocks-oil-2015-8">RED EVERYWHERE: It's a global market meltdown</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="F3NTU1dzpxuF4acJ9B_9g5mwKWDZ5O4E" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Crude oil is surging

<p>Crude is sliding on Monday, down more than 2.5% after opening overnight slightly higher. </p><p>Near 11:30 a.m. ET on Monday, West Texas Intermediate crude oil - the US benchmark - was down more than 2.5% to trade as low as $43.50 a barrel. </p><p><div class="KonaFilter image-container display-table"><div><div class="image"><p class="source"><span>investing.com</span></p></div><p></p></div></div></p><p>The big news in oil markets Monday is <a href="http://www.businessinsider.com/saudi-shake-up-rolls-on-with-big-reshuffle-2016-5">news out over the weekend</a> that Saudi Arabia's longtime oil minister Ali al-Niami would be replaced by Khaled al-Falih, the chairman of state-run oil company Saudi Aramco. </p><p>In a note to clients following this news, RBC Capital Markets' Helima Croft wrote (emphasis mine):</p><p style="padding-left: 60px;">The sacking of Saudi Arabia's veteran oil minister Ali al-Naimi can be seen as part of deputy crown prince Mohammad bin Salman's (MBS) efforts to consolidate power. Yet, it is unlikely to lead to any immediate shifts in the country's market share strategy or presage any new enthusiasm for OPEC cooperation, in our view. [...]</p><p style="padding-left: 60px;">While al-Falih certainly represents a very capable set of hands to steer the ministry, which will now oversee everything related to energy, industry, and minerals, he is unlikely to enjoy the same type of authority to set policy that Naimi did during King Abdullah's reign. MBS, who is reportedly referred to as "Mr. Everything" by Pentagon officials, remains the ultimate decision maker on oil policy. MBS has made it clear in recent interviews that he does not see any immediate urgency for higher oil prices and is instead focused on ending his country's dependence on hydrocarbons as part of a sweeping reform that includes the partial privatization of Aramco... P<strong>erhaps the imperative for higher prices will return if the Saudi public starts to push back against the proposed austerity measures, but for now, MBS seems ready to sit back and let market forces or political instability in other producer countries produce an eventual recovery.</strong></p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/global-economy-biggest-threat-2016-4">FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="4wNWo1MzE6mCXkk1XHZUEjn1PYYwkNot" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div><p></p></div></div>Crude oil is back above $60 per barrel.</p><p>West Texas Intermediate crude climbed by more than 4% on Friday afternoon to around $60.28 per barrel. Brent crude, the international benchmark, was also higher, climbing more than 4% to around $65.38 per barrel.</p><p>The rally in crude comes after a slide over the past few days during which WTI retreated from the $60 mark to as low as $56.67 per barrel on Thursday.</p><p>Also, <a href="http://www.businessinsider.com/baker-hughes-rig-count-may-29-2015-5">data from Baker Hughes on Friday</a> showed that the US oil rig count fell by 13 to 646 this week, picking up speed after a drop by just one last week.</p><p>Earlier this week, the Department of Energy reported that US oil production surged to a 43-year high.</p><p>Here's a chart showing the spike in WTI on Friday:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/how-floyd-mayweather-spends-his-money-boxing-2015-4">Here's how Floyd Mayweather spends his millions</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="NiaGVpdDqdBR4NCmtjL5odLe14N1R4Hp" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p>Crude oil is rallying.</p><p>West Texas Intermediate crude climbed by more than 3% to as high as $53.70 per barrel. </p><p>Prices have climbed steadily so far this week after the Energy Information Administration's drilling productivity <a href="http://www.eia.gov/petroleum/drilling/pdf/dpr-full.pdf">report</a> published Monday showed drilling in the Bakken and Eagle Ford regions will slow down month-over-month in April.</p><p>Prices dipped slightly on Tuesday afternoon after the EIA's annual energy outlook increased its forecast for oil production, projecting that the US will produce 10.6 million barrels per day in 2020.</p><p>The report also showed that the US is set to stop being a net importer of energy, and oil imports and exports will come into balance for the first time over 50 years. <span style="line-height: 1.5em;"> </span></p><p><span style="line-height: 1.5em;">Here's the movement in oil prices:</span></p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/barack-obama-body-man-reggie-love-2015-2">Here's what it takes to be President Obama's right-hand man</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="g1N2NwczpXSDrnuf4uTcS7BnUmwlMLeM" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Crude oil is rallying

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"></div><p></p></div></div>Crude oil is having a big day.</p><p>West Texas Intermediate crude oil rallied by more than 3% to cross back above the $60 per barrel mark.</p><p>On Wednesday, the Energy Information Administration said that <a href="http://www.businessinsider.com/us-weekly-crude-oil-inventories-may-20-2015-5">crude inventories fell</a> by 2.7 million barrels.</p><p>It was the third straight week of declines in inventories, which have seen a huge swell in recent months to the highest levels in at least 80 years.</p><p>Earlier this week, we highlighted <a href="http://www.businessinsider.com/increased-efficiency-in-us-shale-2015-5">comments from Morgan Stanley</a>, noting that following the oil crash, drillers are now prioritizing profitability over their output of barrels.</p><p>Brent crude oil, the international benchmark, was also higher, up by more than 2%. </p><p>Here's a chart showing the jump in WTI:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/steak-cooked-lava-grill-meant-bbq-syracuse-university-2015-5">Scientists discovered how to grill a steak using lava</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="FlYzQ3dToYBOZbJz7r5k46VbdcmIn8pH" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Crude oil is rallying.</p><p>West Texas Intermediate crude prices rallied by more than 3% on Wednesday to as high as $58.81 per barrel. It's yet another year-to-date high for the commodity.</p><p>The rally comes after data from the Energy Information Administration <a href="http://www.businessinsider.com/eia-weekly-crude-oil-inventories-april-29-2015-4">showed</a> that the growth of commercial crude inventories slowed last week.</p><p>Inventories rose by 1.9 million barrels, compared with a build of 5.3 million in the previous week.</p><p>Crude oil prices have held above $50 per barrel through April and appear to no longer be listening to data indicating there is still tons of supply in the market.</p><p>Here's the spike:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/container-ships-collide-suez-canal-egypt-2015-3">Watch these giant container ships collide near the Suez Canal</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="E4MDQ2dDq9xjV9qTP2lvmq2AeTRu-HAW" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p><div class="KonaFilter image-container float_right"><div class="image on-image"></div><p></p></div></p><p>Crude oil is rallying.</p><p>West Texas Intermediate oil prices rose by more than 3% to as high as $57.97 a barrel on Thursday morning. </p><p>According to <a href="http://www.investing.com/news/stock-market-news/wall-street-to-open-lower-on-weak-data,-earnings-338576">Reuters</a>, this rally comes on concerns over Middle East supplies as the civil war in Yemen continues. Brent crude also rallied by more than 2%.</p><p>Oil prices have held above $50 through the month of April.</p><p>On Wednesday, the Energy Information Administration reported that commercial crude oil inventories rose by 5.3 million barrels from the previous period, more than the forecast of 3.2 million.</p><p>Here's a chart showing the price movement on Thursday.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/calbuco-volcano-erupts-chile-evacuation-2015-4">Video of volcano eruption in Chile is both terrifying and beautiful</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="ByandvdDrXXCVwnMvQoXIq9wC4GqNOoN" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p>Crude oil is sliding.</p><p>On Thursday morning, West Texas Intermediate crude oil fell 2% to a one-week low of around $58.39 per barrel.</p><p>Brent crude, the international benchmark, also dipped 2% to about $62.48 per barrel.</p><p><span>On Friday, 12-member oil cartel OPEC will hold its meeting. It is widely expected to keep production levels unchanged to maintain its market share.</span></p><p>On Wednesday, the Energy Information Administration said US crude oil inventories fell by <span>1.9 million barrels last week.</span></p><p>Here's a chart showing the slide in oil prices on Thursday:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/roar-filmed-with-100-untamed-lions-movie-injured-2015-4">70 people were injured while filming this movie with 100 untamed lions</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="Nzc3hmdDr4a5heo3T-j-WFkV1wYM_fEN" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p>Another day, another big swing in crude oil. </p><p>The price of West Texas Intermediate crude oil was down more than 2% on Thursday morning to below $49 a barrel.</p><p>This drop in crude follows a more than 4% rally on Wednesday that followed <a href="http://www.businessinsider.com/explosion-and-fire-on-the-oil-platform-in-gulf-of-mexico--45-hurt-and-300-evacuated-2015-4">reports of a platform fire</a> in the Gulf of Mexico from Mexican state-run oil giant Pemex. </p><p>On Wednesday, the latest data from the EIA that showed that crude oil inventories in the US continue to build and remain near an 80-year high. </p><p>Here's the latest drop in crude early Thursday.</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>

<p>Crude oil is sliding.</p><p>Near 12:30 p.m. ET, West Texas Intermediate crude oil was down more than 1% at around $59.25 per barrel, almost $2 below where it was before this morning's crude inventory report. </p><p>That report from t<span>he Energy Information Administration showed that US oil commercial </span><a href="http://www.businessinsider.com/crude-oil-inventories-june-17-2015-6">crude inventories fell</a><span> by 2.7 million barrels in the week ended June 12. That brought the total number of barrels to 497.9 million, still at the highest levels in 80 years.</span></p><p><span style="line-height: 1.5em;">US oil production output slowed </span><span style="line-height: 1.5em;">to 9.59 million barrels from 9.61 million in the prior week. The EIA had forecast that production will continue to fall until early next year.</span></p><p><span style="line-height: 1.5em;"><span>Brent crude, the international benchmark, fell to around $63.24, also down about 1%.</span></span></p><p><span>Here's a chart showing the slide in WTI:</span></p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/new-omega-globemaster-watch-unboxing-2015-5">Forget the Apple Watch - here's the new watch everyone on Wall Street wants</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5iaDNwdDrYYMm2yipFb14ndbRkPnemqO" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p>Crude oil is back below $60 per barrel.</p><p>West Texas Intermediate crude fell more than 2% to as low as $59.60 on Friday morning.</p><p>Brent crude, the international benchmark, fell about 2.5% to around $62.66 a barrel.</p><p>On Wednesday, weekly data from the Energy Information Administration showed that <a href="http://www.businessinsider.com/crude-oil-inventories-june-17-2015-6">US oil inventories shrank</a> for a seventh straight week last week.</p><p>The data showed that at the same time, stockpiles at Cushing, Oklahoma, a major delivery point, swelled by 112,000 barrels.</p><p>Around 1:00 p.m. ET, driller Baker Hughes will release the latest weekly count of US oil and gas rigs. The oil rig count has fallen for 27 straight weeks now.</p><p>Here's a chart showing the slide in WTI on Friday:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/why-we-lie-professor-psychology-explains-2015-6">This is why we are compelled to lie</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="JkbWJodTqm-7fxhgbz646VAQeu_-NR4G" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Crude oil is rallying.</p><p>On Tuesday morning, West Texas Intermediate crude oil rose more than 3% to as high as $60 per barrel.</p><p>Brent crude oil, the international benchmark, rose climbed more than 3.5% to around $64.90 per barrel.</p><p>The latest notable oil-related news dropped Monday: China reduced its imports of oil.</p><p>China is the world's largest net oil importer and it bought about a quarter less crude oil in May than it did in April, according to Reuters. Oil fell about 1% on Monday.</p><p>The latest data on US crude inventories will drop first from the American Petroleum Institute on Tuesday afternoon and from the Energy Information Administration on Wednesday.</p><p>Inventories have been sliding over the last few weeks although they are at an 80-year high.</p><p>Here's a chart showing the rise in WTI on Tuesday:</p><p><div class="KonaFilter image-container display-table"><div><div class="image"></div><p></p></div></div></p><p> </p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/what-happens-after-black-widow-spider-bite-poison-2015-4">Here's what happens when you get bitten by a black widow</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="5wdGFndDqN2zqp8TnWPghhDHfhDWYD_r" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

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