FxGrow Daily Technical Analysis – 06th July, 2017
By FxGrow Research & Analysis Team

Crude Oil Recovers Over Disappointing API Report, Awaiting U.S Inventories


Crude oil plunged yesterday at $44.52 low after clocking a monthly high on Tuesday $47.30 bp. Reports (Reuters) showed that exports by OPEC counties has surged during pushing oil prices lower.

American Petroleum Institute (API) on Wednesday showed U.S. crude inventories fell more sharply than expected, down 5.8 million barrels in the week to June 30, against expectations for a draw of 2.3 million barrels (Reuters), pushing back oil levels at ...

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