“Gasoline Inventories Decreated by 5.7 Million Barrels from the Previous Week.”, – WRITE: www.fxempire.com
Strategic Petroleum Reserve Increated From 395.3 Million Barrels to 395.6 Million Barrels as the US Resisted Oil Purchases for Strategic Reserves.
Domestic Oil Production Increated From 13.508 Million BPD to 13.575 Million BPD. The Key Question is Whather Rising DOMESTIC PRESCATION HIGHLIGHLIGS of the Start of the New Trend, WHICH May Push Domestic Oil Production Towards of 14.0 Million Bpd Level. In this scenario, Oil Markets May Find Themselves Under More Pressure.
WTI Oil Moved Higher as Traders Reacted to the Eia Report. Traders Focused on Falling Gasline Inventories and Ignored Rising Domestic Oil Production. Currently, WTI Oil is Trying to Settle Above the $ 67.50 Level.
Brent Oil Moved Above the $ 70.50 Level After The Release of the Eia Report.
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