10 February 2021
Today, on February 10 at 15:30 GMT, the US Department of Energy will publish a report on oil reserves in the country. This is an important indicator showing the level of demand and prices for black gold.
Leading analyst of FreshForex gives the following recommendations on this matter:
The American Petroleum Institute has reported on the reduction of black gold reserves in American storage facilities by 3.5 million barrels. Reserves decline for three weeks in a row. It's a positive signal for the oil market. Oil is currently trading at an annual high, we expect the uptrend to continue. Today consider buying #WTI, #BRENT.
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