The weekly oil inventory data will be released at the bottom of the hour. The private data released late yesterday showed a surprise draw down to -4.44M barrels
The expectations were for a small change of -0.033M in oil inventories.
- Gasoline is expected to show a drawdown of -1.600M
- Distilates are expected to show a draw of -0.833M
Both of those showed builds in the private inventory release.
This article was written by Greg Michalowski at www.forexlive.com.
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