Forex
globalreutersJuly 2, 20241 Mins read
Massive crude oil inventory draw supports case for higher Brent
globalreutersJuly 2, 20241 Mins read The private survey of oil stocks is out, and its a monster draw:
The official government data is due tomorrow morning out of the US.
Oil has been well supported:
Analysts at Standard Chartered have a US$90 target, and beyond, in sight:
- From a fundamental viewpoint, we still think the rally can be sustained well past USD 90/bbl given our projected Q3 and Q4 global oil balances
This article was written by Eamonn Sheridan at www.forexlive.com.
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