Oil Private Survey Shows Crude Build Ahead of U.S. Government Data
Key Takeaways
- •A private survey points to a headline build in U.S. crude oil inventories.
- •The official U.S. government inventory report is scheduled for release tomorrow morning.
- •Traders are focused on the difference between private estimates and the Energy Information Administration’s data.
- •The EIA report often helps set the tone for the following trading session.
Oil Private Survey Shows Crude Build Ahead of U.S. Government Data
Oil
A privately surveyed set of oil stock data points to a headline crude oil build ahead of the official U.S. government inventory report due out tomorrow morning, keeping traders focused on the gap between private estimates and the Energy Information Administration reading that often sets the tone for the next session.
Oil inventory data, via oilprice.com:
Earlier:
Oil slides $2 on unconfirmed report of US Iran ceasefire, Hormuz reopening
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