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OPEC+ unlikely to cut further. EIA weekly oil inventories up next

OPEC+ unlikely to cut further. EIA weekly oil inventories up next
EIA weekly US oil inventories are due out at the top of the hour. They follow natural gas inventories (which were bearish) because of the US holiday on Monday.WTI crude is currently up 20-cents to $68.32, which is a bit of a surprise because API inventories at the start of the day were negative for pricing (whether they leaked much earlier is another question). Expectations for the EIA data are: Headline crude -1386K Distillates+862K Gasoline -497KAPI data from late yesterday:Crude +5202KDistill... Read More
Posted: Jun 1 2023, 14:48
Author Name: forexlive
Views: 081359

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