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The weekly oil inventory data is due out at the bottom of the hour

August 05, 2020 at 03:24PM

The weekly oil inventory data is due out at the bottom of the hour
Private data last night showed a bigger than expected drawdown of crude inventories
The private API numbers from last night showed:
The price of September WTI crude oil futures are up $1.68 or 4.03% at $43.39. The price shot through the 50% retracement of the 2020 move lower at $41.71.  The contracts 200 day moving average is at $43.92. The
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