WTI bulls attack $77.00 after OPEC+ JTC, API stockpile, focus on EIA inventories, US data By anilpanchal7 Oil WTI RiskAppetite Commodities Macroeconomics
API stocks marked surprise draw for the latest week, OPEC+ held 400K bpd policy.prices grind higher surrounding $77.00 during Wednesday’s Asian session.
That said, the latest industry inventory figures from the American Petroleum Institute dropped more than double the previous draw of 3.09M to -6.432M for the week ended on December 31. Elsewhere, the US ISM Manufacturing PMI dropped to the lowest in 11 months in December, 58.7 versus 60.0 forecast and 61.1 prior, whereas November’s JOLTS Jobs Openings came in lower than the upwardly revised previous reading of 11.091M to 10.562M.
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