Crude Oil

WTI crude oil future settle at $72.56

• Down -$1.15 or -1.56%

Crude oil inventories for the current week build 2.951M versus -0.917M draw

• Weekly oil inventory data

Private oil survey data shows headline crude oil build vs. draw that was expected

Crude oil moves to a new session high

• Russia says it oil output cuts almost hit its pledged goal in April

WTI crude oil futures settles at $73.16

• Up $1.82 or 2.55%

WTI crude oil futures settle at $68.56

• Down $0.04 or -0.06%.

Saudi Arabia cuts oil premium by 25-cents vs 40-cents expected

• A cut of somewhere in the 40-cent range was expected (some said $1).

Russia's Novak: Falling oil prices requires detailed study for possible response

• Crude oil is trading down around $3.30 at $68.20

The JPY is the strongest and the USD is the weakest as the NA session begins

• The FOMC will announce their rate decision at 2 PM ET

Private oil survey data shows much larger draw than was expected

Crude oil to the lowest level since March 27

• Price moves toward $72

Crude oil tests 50% midpoint of move up from 2023 low

• 50% midpoint comes in a $73.94

The EUR is the strongest and the AUD is the weakest as North American trading begins

• The USD is mixed to lower

Private oil survey data shows much larger headline crude oil draw than was expected

WTI crude oil settles at $77.29

• Down -$1.87 or 2.36%. Tests the 100 day MA.