22 March 2017
US Energy Information Administration weekly reports changes in oil inventories in North America. The next release is scheduled on March 22th at 2.30 p.m. GMT and may cause high volatility on oil market.
The leading FreshForex analyst Catherine Main commented on the report as follows:
“Number of US working drilling platforms has reached the highest level since September 25th, 2015. Number of horizontal and vertical drilling platforms is steadily growing, which indicates increase of oil output. This will cause decrease in Brent and WTI quotes.”
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