Oil Price Fundamental Daily Forecast – EIA Expected to Report 3 6 Million Barrel Crude Oil Drawdown fxempire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxempire.com Daily Mail and Mail on Sunday newspapers.
Oil Price Fundamental Daily Forecast – Traders Looking for EIA Report to Show 2 1 Million Barrel Drawdown fxempire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxempire.com Daily Mail and Mail on Sunday newspapers.
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U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading slightly better in limited trading as traders await the release of today’s U.S. Energy Information Administration weekly inventories report at 14:30 GMT.
The markets are being underpinned by optimism over improving U.S. fuel demand with the official start of the U.S. summer driving season this Monday, Memorial Day, and a private industry report showing a drop in weekly inventory estimates. Both events are canceling worries over the possibility of increased supply from Iran.
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