Forex
globalreutersMay 30, 20241 Mins read
Oil soft despite private inventory draw. EIA data up next
globalreutersMay 30, 20241 Mins read Weekly EIA oil inventory data is delayed until today because of the US long weekend.
Indications are for a surpringly large draw after yesterday’s API data:
- Crude -6490K
- Gasoline -452K
- Distillates +2045K
- Cushing -1706K
The consensus for the upcoming report:
- Crude -1950K
- Gasoline -450K
- Distillates -150K
WTI crude oil is trading down 58-cents to $78.69. On Sunday, we get the latest OPEC decision.
This article was written by Adam Button at www.forexlive.com.
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