What with crude oil today

12 January 2022

Trading signals: oilDear clients,

Today, on January 12 at 15:30 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 the US storage facilities by 1 million barrels. Inventories are declining for the seventh week in a row. They have updated their seven-year low, which is favorable for the rise in oil prices. Today consider buying #WTI, #BRENT, #Continenta, #Exxon.

Also, Brent crude oil exceeded the $83 mark: another great reason to earn with on black gold.

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What with crude oil today

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