20 July 2016

Oil mixed ahead of U.S. crude inventory data


           
S2
S1
R1
R2
TREND
CRUDEOIL
3040
3060
3092
3100
SIDEWAYS
Oil futures were mixed in choppy trade Wednesday ahead of the release of official U.S. crude inventory data.American Petroleum Institute figures Tuesday showed a draw of 2.3 million barrels of crude in the latest week.Official Energy Information Administration (EIA) stockpile figures are due out later Wednesday.These are forecast to show a draw of 2.1 million barrels of crude in the week.Oil future gains were limited by the strength of the dollar in the wake of some upbeat U.S. economic data
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