US holiday Nov 24thThis week could be interesting starting Tue with API Crude Stock which was last at -5.83 and has a good chance of recovering and heading towards surplus just because the last draw was so deep and after all the recent developments pointing towards weakening demand that if there is a surplus it could push Oil back down and then Wed EIA Crude numbers are released backing Tue numbers and on top of that is a list of other US Data some of which are market sensitive towards Oil. Now if these 2 days of data confirm that there's Oil surplus and weakening demand that with this confirmation coming in so close to Friday sell-off on Oil we could see the US sell Oil off Wed on fears of holding through the closure of the US markets Thur. This is a possibility but not a certainty and there's also a chance of all the US data being bullish towards Oil and back to $85 we head JMHO
API Crude Stock last -5.83