02 September 2020
Today, on September 2 at 14:30 GMT, the US Department of Energy will publish a new report on oil stocks in the country. This is an important indicator showing the level of demand and prices for black gold.
Leading analyst at FreshForex gives the following recommendations on this matter:
The American Petroleum Institute reported on the reduction of black gold reserves in the US storage facilities by 6.3 million barrels. This is the fifth week in a row that stocks have declined. Last week, oil and gas production in the Gulf of Mexico was halted as Hurricane Laura destroyed the infrastructure of oil and gas corporations. Today consider buying #WTI, #BRENT.
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