WTI CRUDE OIL
the markets are being underpinned by optimism over improving U.S. fuel demand with the official start of the U.S.
summer driving season this Monday, Memorial Day, and a private industry report showing a drop in weekly inventory estimates.
Both events are canceling worries over the possibility of increased supply from Iran
Today’s EIA inventories report, due out at 14:30 GMT, is expected to show a draw of 1.0 million barrels.
Matching the forecast should underpin prices.
summer driving season this Monday, Memorial Day, and a private industry report showing a drop in weekly inventory estimates.
Both events are canceling worries over the possibility of increased supply from Iran
Today’s EIA inventories report, due out at 14:30 GMT, is expected to show a draw of 1.0 million barrels.
Matching the forecast should underpin prices.
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