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Oil steady ahead of US weekly inventory data

Weekly US oil inventory is due at the bottom of the hour and the consensus is:Crude -2320KGasoline -1260KDistillates -473KThe API data late yesterday showed:Crude -6195KGasoline +700KDistillates -800KGasoline inventories are becoming a problem.There is talk of larger draws in the next couple weeks on higher US exports. Crude is being pulled from the US to buyers who normally purchase from OPEC+ countries. This article was written by Adam Button at www.forexlive.com... Read More

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Inventory

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Posted: Aug 16 2023, 14:17

Author Name: forexlive

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