12 April 2017
US Energy Information Administration weekly reports changes in oil inventories in North America. This week report, scheduled on April 12, at 2.30 p.m. GMT is likely to cause high volatility on market.
The leading FreshForex analyst Catherine Main commented on the report as follows:
“Weekly Baker Hughes report indicates that, US oil inventories will set a new historical high. The number of operating oil rigs reached 672 units, which is the highest since May 8, 2015. Considering all the facts decrease in Brent and WTI quotes may be expected by 1%.”
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