• Crude oil inventory -3.169M vs -1.565M estimate
  • Gasoline -0.908M vs -0.908M estimate
  • Distillates 2.931M vs -1.135M estimate'
  • Cushing 0.455M vs 0.213M last week.

The private data released late yesterday showed:

The private data

The price of crude oil is currently trading down $0.45 or -0.69% at $64.95. The price is trading above and below its 100 day moving average at $64.94. There is a lower swing area between $64.48 and $64.70. Move below these levels should increase the bearish bias with the next target year $64.

Crude oil
Source: Forex Live