The weekly oil inventories it will be released at the bottom of the hour. The estimates are showing:
- Crude oil, -1.354M est
- Gasoline, -0.021M est
- Distillates, -1.637M est.
The private API data late yesterday showed larger than expected drawdowns:
The price of WTI crude oil is trading down $1.10 and $70.46
This article was written by Greg Michalowski at www.forexlive.com.
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