Oil makes a round turn on API inventories

By FXStreet Oil has caught a bid on the prelude to tomorrow’s official EIA inventory data due in morning of the US shift.

The API weekly crude oil stocks numbers arrived with a rise of inventories +2.4m bbls.

Tomorrow’s EIA report is estimated for a stock piles to rack up a further 3012.5K barrels.

At time of writing, WTI rallied to $28.52bbls from $128.15 the low. Spot is headed back to the start again, $28.27bbls at time of writing.
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Source:: FX Street