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FreshForex forecast: US Inventories of crude oil

15 February 2017

FreshForex forecast: US Inventories of crude oilDear traders,

US Energy Information Administration weekly reports changes in oil inventories in North America. The next report is scheduled on February 15th at 3.30 p.m. GMT and can cause significant volatility on oil market.

The leading FreshForex analyst Catherine Main commented on the report as follows:


“US oil output renewed its highs since the spring 2016 reaching the level of 8.978 millions barrels per day. Oil drilling platforms number in US has reached the highest level since October 30, 2015, in Canada platforms number has reached its highest since January 30, 2015. Increased supply will cause US oil output growth. That's why Brent and WTI quotations are highly likely to decrease.”


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FreshForex forecast: US Inventories of crude oil

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FreshForex forecast: US Inventories of crude oil

 

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