Crude oil inventory -3.169M vs -1.565M estimateGasoline -0.908M vs -0.908M estimateDistillates 2.931M vs -1.135M estimate’Cushing 0.455M vs 0.213M last week.
The private data released late yesterday showed:
The price of crude oil is currently trading down $0.45 or -0.69% at $64.95. The price is trading above and below its 100 day moving average at $64.94. There is a lower swing area between $64.48 and $64.70. Move below these levels should increase the bearish bias with the next target year $64.
This article was written by Greg Michalowski at investinglive.com.