Oil soft despite private inventory draw. EIA data up next ...Middle East

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Oil soft despite private inventory draw. EIA data up next
source : forex live ( Middle East ) () 16
Weekly EIA oil inventory data is delayed until today because of the US long weekend.Indications are for a surpringly large draw after yesterday's API data:Crude -6490KGasoline -452KDistillates +2045KCushing -1706KThe consensus for the upcoming report:Crude -1950KGasoline -450KDistillates -150KWTI crude oil is trading down 58-cents to $78.69. On Sunday, we get the latest OPEC decision. This article was written by Adam Button at www.forexlive.com.

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