At 22:30 (GMT+2) a weekly report on the amount of oil reserves in the United States from the American Petroleum Institute (API) will be released. In addition to the data on oil reserves, the most important in the report, it contains data on the amount of gasoline and distillates in the USA. Reducing the reserves of “black gold” traditionally leads to an increase in oil prices, while the growth of the reserves leads to a decrease in prices. Previously, US oil inventories fell 3.400 million barrels. Continuation of this trend may support oil prices.
Read more here:
Latest posts by liteforex.com (see all)
- BoC Governor Poloz Speaks. Canada, 19:30 (GMT+2) - December 12, 2019
- Fed Interest Rate Decision. USD, 21:00 (GMT+2) - December 11, 2019
- RBA Governor Lowe Speaks. Australia, 00:05 (GMT+2) - December 9, 2019