Weekly crude oil inventories for the current week fall -2.313 million vs -3.291M estimate
The weekly crude oil inventory data is showing Crude oil -2.313M versus estimate of -3.291 million Gasoline -2.504M versus estimate of -2.107 million Distillates -1.294M versus estimate of -2.352 million The private data last night showed larger drawdowns: Crude oil is currently trading at $95. The price was trading at $95.20 just before the report. This article was written by Greg Michalowski at investinglive.com.
The smaller-than-expected draw in crude oil inventories may lead to a slight increase in oil prices as traders react to the tighter supply situation. However, the current price near $95 suggests limited upside potential in the short term.
The weekly crude oil inventory data is showing Crude oil -2.313M versus estimate of -3.291 million Gasoline -2.504M versus estimate of -2.107 million Distillates -1.294M versus estimate of -2.352 million The private data last night showed larger drawdowns: Crude oil is currently trading at $95. The price was trading at $95.20 just before the report. This article was written by Greg Michalowski at investinglive.com.
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