Another decent rise in the POO overnight and another drawdown on US supplies expected;
"The American Petroleum Institute reportedly shows a draw of 5.15M barrels of oil for the week ending Nov. 7.
Gasoline inventories reportedly show a draw of 3.3M barrels, distillate inventories show a draw of 5.62M barrels and Cushing inventories show a draw of 1.17M barrels.
Data to be released tomorrow from the Energy Information Administration is expected to show crude inventories fell by 800K barrels last week, according to analysts polled by S&P Global Platts."
SXY Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held