Reducing reserves again

05 May 2021

Trading signals: oilDear clients,

Today, on May 5 at 14:30 GMT, the US Department of Energy will publish a new 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 reported on the reduction of black gold reserves in American storage facilities by 7.6 million barrels. A positive signal for the oil market. Today consider buying #WTI, #BRENT, #Exxon.


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Reducing reserves again

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