The private data anticipated a crude oil build near that level:. The other levels for gasoline and distillates were also close to the private data.
Crude oil is currently trading at $67.86, little changed from pre-release levels. From a technical standpoint, the price remains below the 200-day moving average, which sits at $68.37. Both yesterday and today, oil has traded on either side of this key level, but notably closed below it in the prior session.
A sustained close above the 200-day moving average would be needed to shift the technical bias more firmly in favor of the bulls. Until then, the upside remains technically limited.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about weekly crude oil inventories 7 070 million versus a drawdown of 2 071 million estimate was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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