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The weekly oil inventory data will be released shortly | Forexlive

The weekly oil inventory data will be released shortly. Expectations show:

  • crude stocks drawdown of -1.565M
  • gasoline stocks drawdown of -1.677M
  • distillates drawdown of -1.500M

The private data released late yesterday showed a surprise build in crude stocks of 3.262 million. Gasoline stocks showed a drawdown of -1.09 million and distillates showed a drawdown of -1.84 million.

Crude oil is currently trading at $69.42.