August WTI’s pushing to a fresh high around 94.80 ahead of the weekly inventory report in about 45 mins.
Last night’s API data surprised analysts with a tiny 0.1 mmbl draw against forecasts of a draw of around 2.0 mmbls. If this is confirmed by the EIA, the downside could start to look shaky again with Monday’s lows around 91.50 coming into play again
