Analysts expect 1.55-mil bbl crude stock draw

摘要

February crude furtures on the New York Mercantile Exchange settled 8 taking ahead of the weekly US stock data due out Wednesday from the Department of Energy and American Petroleum Institute."The crude oil market's push to a new high was met by profit taking by traders concerned that Monday's advance left crude oil short-term overbought ahead of Wednesday's inventory reports,"Tim Evans,energy analyst at IFR Pegasus,said in a report.