22 February 2017
US Energy Information Administration weekly reports changes in oil inventories in North America. The next release is scheduled on February 23th at 4 p.m. GMT and may cause high volatility on oil market.
The leading FreshForex analyst Catherine Main commented on the report as follows:
“Oil inventories together with strategic reserves have renewed their historical highs and reached 1.21 billion barrels. US oil export for the first time ever reached 1 million barrels per day! Number of drilling platforms has increased by 6, which indicates continuing tendency of oil output increase. Such data allows investors sell Brent and WTI.”
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