October Nymex WTI up ahead of the weekly inventory data scheduled for 1030EDT. Recent highs of 86.17 just short of yesterday’s 86.39 highs.
Last night’s API report surprised analysts looking for 1.75 mbl build, with a bearish draw of 3.34 mbl.
Traders will now be looking for EIA confirmation of this .
Resistance is towards 87.50 and 88.30, with WTI trading around 85.95 from earlier lows of 84.55
