WTI crude now up $1 ahead of the release of weekly oil inventory data. Nears $70
Read full post at forexlive.com
It’s been a struggle for crude so far this year but WTI is showing some signs of life. WTI crude is up $0.97 today to $69.97 ahead of US EIA weekly oil inventory data at the bottom of the hour.
Private weekly crude oil inventory was released late yesterday and showed:
- Crude -4600K
- Gasoline -3300K
- Distillates -1300K
There is a bit of a headwind from risk sentiment though but crude is fighting it for now.
This article was written by Adam Button at www.forexlive.com.
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