Oil price is on the up. API reports draw of 10.9m barrels23 Jul 2019 23:24
when 4m was expected, so estimate was nearly 7m barrles out. Actual nealy 3 fold what was expected. After report Brent has gained around one dollar thus far. With all the tensions around Iran etc. the EIA report tomorrow afternoon will be interesting to say the least. A big draw and IMHO we will be heading for $70 a barrel WITHOUT more issues in the Middle East...........
All IMHO.