The release will definitely be sufficient. Extra supply from government sources means I'm bearish about crude oil prices this week.
More Quotes from Dariusz Kowalczyk:
The big one-day drop on Wednesday was a reaction to the stronger-than-expected build in crude and product stocks, while demand remained weak.Dariusz Kowalczyk
OPEC and inventory data should put downward pressure on prices later today.
Dariusz Kowalczyk
Because of the meeting of the IAEA on Monday, people do not want to go home short (with a sell bias) for the weekend.
Dariusz Kowalczyk
I think it's mostly the uncertainty regarding the situation in Iran and the very clear decision of the IAEA to refer the country to the UN Security Council.
Dariusz Kowalczyk
The seasonal effect of cold weather, stronger demand for heating oil, will pull higher the whole energy complex higher.
Dariusz Kowalczyk
The hurricanes which battered the U.S Gulf Coast did not have the impact on the labor market as was earlier expected.
Dariusz Kowalczyk
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