Crude oil is set to close out the week not much different from where it started, seesawing a bit along the way. Oil prices sank on EIA data showing rising crude inventories – the first increase in six week – but that was offset by a large drawdown in refined product stocks. “It could simply be the fact that selling couldn’t sustain itself below $50,” Mark Anderle, director of supply and trading at TAC Energy, told the WSJ in an interview . “Clearly to me this says the bulls are still in charge.” Oil prices are looking for some direction with conflicting data emerging this week. North Dakota’s oil production drops below 1 mb/d. The Bakken continues to feel the effects […]