Oil turns lower ahead of weekly EIA oil inventories ...Middle East

WTI crude oil is down 22 -cents to $76.07 after earlier trading as high as $77.88.The sharp round of selling comes ahead of the latest weekly US storage data from the EIA. The consensus estimates are:Crude -933KGasoline +229KDistillates -394KHowever there are whispers of a +7 million barrel build and I think that's weighing. OPEC+ worries also continue to mount, though there are reports that tomorrow's meeting will go ahead. That indicates that at least some consensus has been reached.Late yesterday, the API reported:Crude -817KGasoline -898KDistillates +2806KThe numbers are out at the bottom of the hour. This article was written by Adam Button at www.forexlive.com.

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Last updated : 29 Nov 2023 clock 06:28 PM

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Oil turns lower ahead of weekly EIA oil inventories ...Middle East

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