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Crude Oil Technical Analysis and Forecast Sep 27th



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Fundamentals of today:

Crude oil prices gained in Asia On Wednesday as industry estimates on U.S. inventories threw up an unexpected drop in supplies.

On the New York Mercantile Exchange crude futures for November delivery rose 0.39% to $52.08, while on London's Intercontinental Exchange, Brent gained 0.17% to $58.02 a barrel.

U.S. crude oil inventories fell by 761,000 barrels at the end of last week, the American Petroleum Institute (API) estimated Tuesday, compared with a 2.296 million barrels build expected.

Oil supplies at the hub of Cushing, Oklahoma, rose by 1.1 million barrels.

Official data will be released on today from the U.S. Energy Information Administration (EIA). The API and EIA figures often diverge.

Charts and Technicals

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This article was written by Emre Tutucu for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

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