WTI Crude printed lower on the back of a bigger than expected buildup in inventories as reported by the EIA, while developments surrounding Hurricane Delta which is forecasted to intensify and turn into a category 3 storm as oil producers evacuated 183 offshore facilities – halting 1.5 Mbpd of output – kept prints supported with 40.70 resistance target in focus.
Support: 39.27 / 38.70
Resistance: 40/ 40.70
