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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.The huge draw is yet another tailwind for oil. Via Twitter:--Expectations I had seen centred on:Headline crude -0.3mn barrelsDistillates -0.6 mn bblsGasoline -1.6 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.The two report... Read More

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Private

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Inventory

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Much

Larger

Draw

Than

Expected

Forex

Posted: Oct 17 2023, 20:51

Author Name: forexlive

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