US weekly oil inventory data to be released at the bottom of the hour

  • Private data showed oil drawdown of -4.8 million barrels

The EIA weekly oil inventory data will be released at the bottom of the hour. The private data last night showed:

Oil
Private oil inventory data for the current week

The expectations are showing:

  • crude oil -1.055M
  • gasoline +0.383M
  • distillates -0.550M

The price of WTI crude oil is trading at $77.65 ahead of the data.

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