Brent: will oil market swing back to pessimism?

Forex analytics: API (American Petroleum Institute) report, released this Tuesday, showed that last week US oil stocks rose by 3.8 million barrels. Obviously, it was a bad news for oil prices, as heavy stocks of oil in the USA creates situation when supply outruns demand in the world market. By the end of the trading day yesterday April futures of crude oil Brent at ICE Futures fell to 32.62 USD per barrel....