Note

WTI

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Slowly, but surely...like the tortoise in the tortoise vs hare story.


Banked on this opportunity and the recent announcement from EIA, which is the US' Energy Information Administration - who said crude oil stocks in US declined by 4.5mio barrels for week ending Aug 7th - in comparison to analysts estimate for a draw of 3.2mio barrels. This pushed the WTI upwards.


Next up to watch are China's Industrial Production and Retails Sales data, second quarter GDP from Euro, Retail Sales and Industrial Production data from the US and the Baker Hughes Energy Services' US Oil Rig Count.



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good tht you r making some profit...mine was totally swamped
Kimlove
Author
Hope it's a better week so far?
grt tht you could manage to mint profit inspite of the volatile WTI fluctuation
me too...hope that oil will rise steadily =)
Kimlove
Author
All the best to us, mate! Happy (oil) trading:)

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