Technical Analysis

Oil – private survey of inventory shows headline draw

This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.

Via Twitter:

This is the second consecutive week of a headline draw. Severe winter storms in the US are going to mess with the data for this week.

Oil is catching a bid from China’s reopening, but its in fits and starts. Low holiday period liquidity this week is clouding the picture.


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