Oil barrel production slighltly bigger than expected

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The API stats came in late yesterday and although they showed a slightly bigger than expected rise of 4.1m barrels (F/c 3.4) there was a small draw at Cushing which the bulls latched on to. Having seen a low of $42.58 during the day the close was therefore a modest rally, this morning that has continued and crude is at $44 and $47 respectively. The EIA numbers tonight will, as ever, be more widely respected.

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