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WTI crude oil settles 1.8% higher ahead of private inventory data

I've had a few rants lately about leaks about the private inventory data that's released late on Tuesdays. Generally they've been selloffs that have reversed when traders covered after the data was finally released, but that's because there have been a series of builds. Today oil was $1.37 higher to $77.05/barrel so the inclination is to expect a smaller build than the +457K expected, or even a surprise draw.

That could certainly happen but what makes me think this is less of a leak-dri... Read More

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Crude

Settles

Higher

Ahead

Private

Inventory

Data

Forex

Posted: Feb 28 2023, 19:39

Author Name: forexlive

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