Wednesday, July 23, 2008

Nymex Crude Rising On Oil Inventory Draw

Forex News Futures have bounced around since the release of US oil and product inventory data this morning, as traders weighed a larger-than-expected drop in oil stocks against a big gain in gasoline inventories. The oil inventory draw is winning out, as oil futures briefly turned positive. September crude trades at $128.27/bbl, down 15c.



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