Tag Archives: API

Crude Faces Key Test Today

After a monster draw on inventories in the API data released last night,  crude oil faces a key test on the EIA inventory release today.   If EIA confirms API and the oil price can’t hold its gains,  trouble in … Continue reading

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Crude Oil Price Regains 200-day M.A.

The May Crude Oil futures contract has regained its 200-day moving average in overnight trading.  Significant. Crude is lifting on the back of a bigger than expected draw as measured by the API.   Specs have also reduced their net long … Continue reading

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