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.
Related Articles
Germany ZEW survey current conditions -90.4 vs -93.0 expeccted
Prior -93.1Economic sentiment 10.3 vs 15.3 expectedPrior 15.7After the fall in German...
US futures creep higher on the session
Dow futures are up 0.3% and Nasdaq futures also seen up 0.4%...
ECB’s Villeroy: We are not on a pre-set course on rates
There is a plausible consensus that we will act at each meetingAmong...
USDCHF Technical Analysis – Tariffs talk keeps the market on edge
Fundamental OverviewThe USD has been marginally weaker recently due to lower than...
Leave a comment