Technical Analysis

US weekly oil inventory data to be released at the bottom of the hour

The EIA weekly oil inventory data will be released at the bottom of the hour. The private data last night showed:

Private oil inventory data for the current week

The expectations are showing:

  • crude oil -1.055M
  • gasoline +0.383M
  • distillates -0.550M

The price of WTI crude oil is trading at $77.65 ahead of the data.

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