 Oil prices extended the near term rebound this week as winter storm hit the US. Heating demand would be boosted by the arctic blast, offsetting the curbed travel plans. Also, as reported yesterday, US oil inventories unexpected dropped -5.9m barrels in the week ending December 16. WTI is extending the rebound from 70.34 short term ... The post WTI oil extends rebound, but down trend still intact appeared first on Action Forex... 