The private survey of oil stocks is out, and its a monster draw:
The official government data is due tomorrow morning out of the US.
Oil has been well supported:
![oil brent inventory gasoline distillate stocks 03 July 2024 2](https://images.forexlive.com/images/oil%20brent%20inventory%20gasoline%20distillate%20stocks%2003%20July%202024_id_1b3d7911-d45d-4217-b1f5-1878eaf07bd1_size900.jpg)
Analysts at Standard Chartered have a US$90 target, and beyond, in sight:
- From a fundamental viewpoint, we still think the rally can be sustained well past USD 90/bbl given our projected Q3 and Q4 global oil balances