Crude under pressure ahead of inventory report

Crude oil trading lower for for a fifth consecutive day after failing to gain a foothold above $50 last week. Raised uncertainty related to the UK referendum on June 23 have also hurt the oil market where bullish bets remain elevated. Next up the weekly inventory report from the US EIA where the market will be watching inventories refinery activity and procuction

from Ole Hansen - Authored content https://www.tradingfloor.com/posts/crude-under-pressure-ahead-of-inventory-report-7771845?utm_medium=tf4-feed&utm_source=extract