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Oil - private survey of inventory shows much larger draw than was expected

This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.This massive draw should be a tailwind for the price of oil. Via Twitter:--Expectations I had seen centred on:Headline crude -2.2mn barrelsDistillates +0.2 mn bblsGasoline +0.3 mn--This data point is from a privately-conducted survey from the American Petroleum Institute (API).It's a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time... Read More

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Private

Survey

Inventory

Shows

Much

Larger

Draw

Than

Expected

Forex

Posted: Sep 19 2023, 20:33

Author Name: forexlive

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