Crude oil futures settle at $58.95
That's up $0.31 or 0.53%. The high price reached $59.64. The low price was at $58.37.The EIA weekly inventory data showed larger than expected builds:Crude oil 0.574 million versus -0.821 million estimate.Distillates +2.059 million versus +0.707 million estimate.Gasoline 4.518 million versus 1.468 million estimate.Technically, the price trading mostly above its rising 100 hour moving average at $59.07, but is settling below that level.
This is a summary of the original article by Forexlive. To read the complete article, please visit the source website:
Read Full Article at ForexliveNews data provided by Finnhub. ForexSentiment.live provides this summary as a convenience with proper attribution to the original source. The full article is available at the original publisher's website.
