Crude Oil Inventories Came In Shallow Yesterday

Crude Looks to Retest $70/bbl as Inventories Decline

Crude oil inventories came in shallow yesterday for the 6th time in 7 weeks, giving a boost to the futures despite the mixed performances of equities and the greenback. Crude continues to log larger volume on the 1-hour up-bars, and the upside is gaining momentum as the futures look to retest $70/bbl.


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