The weekly crude oil inventory data is to be released at the bottom of the hour:
- Crude +1525K expected in tomorrow’s official report
- Gasoline +1645K expected in tomorrow’s report
- Distillates -1492K expected in tomorrow’s report
the private data released late yesterday showed:
The price of crude oil is currently trading at $87.84. That is down from the new 7 year cycle high at $89.70.
This article was originally published by Forexlive.com. Read the original article here.