A look at oil ahead of the US inventory data

Discussion in 'Technical Analysis' started by ForexLive, Aug 17, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    What's WTI oil up to before the inventory data? Today's inventory data is forecasting a build of 950k vs 1055k build last week. Sources on social media and other news wires today have suggested that the "oil report that shall not be named" showed a draw of somewhere near the 1000k mark. They also suggest that there will be builds in gasoline and distillates, compared to market estimates of draws in both of 1700k & 600k respectively.

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