crude oil: has found a little support over the last 24 hours, thanks to a stronger than expected draw on inventories. This has only led to a rejection off the trend line and lower lows look to be the target.
The American Petroleum Institute released their weekly Crude Oil inventories report at the end of yesterday’s New York session which gave crude a nice little boost. The report showed a draw on reserves of -2.3Million barrels and was a little higher than the market was expecting, as seen by the pop on the release.
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