02-02-2021, 06:41 PM
(02-02-2021, 06:04 PM)EricL Wrote: Another bullish crude draw...Too bad there is no like button here. (LIke like)
- The American Petroleum Institute reportedly shows a draw of 4.26M barrels of oil for the week ending Jan. 29.
- Gasoline inventories reportedly show a draw of 240K barrels, distillate inventories show a draw of 1.62M barrels and Cushing inventories show a draw of 1.88M barrels.
- Data to be released tomorrow from the Energy Information Administration is expected to show crude inventories fell by 2.4M barrels last week, according to S&P Global Platts.
- March WTI (CL1:COM) recently was at $55.07/bbl in electronic trading after settling today at $54.76/bbl.
- USO +0.5% after-hours.