Trading forecast: stocks of crude oil in the USA

12 August 2020

Oil forecastDear traders,

On August 12 at 14:30 GMT stocks of crude oil in the United States data will be published. The data is the key for the market, as its changes make it possible to track the level of demand and black gold price.

Check trading recommendations from FreshForex analyst Alexander Goryachev:

The American Petroleum Institute reported on the reduction of black gold reserves in the US storage facilities by 4.4 million barrels. This is the third week in a row that stocks have declined. It's a positive signal for the oil market. Today consider buying #WTI, #BRENT, #Exxon.

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Trading forecast: stocks of crude oil in the USA


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