FreshForex Forecast: US Oil Inventories

21 June 2017

FreshForex Forecast: US Oil InventoriesDear traders,

Every week US Energy Information Administration (EIA) releases oil inventories report that measures the weekly change in the number of barrels of commercial crude oil held by US firms.

The leading FreshForex analyst Catherine Main commented on the US Oil Inventories report scheduled on June 21 at 2.30 p.m. GMT as follows:

“From early April oil inventories have fallen by 24 million barrels, and we believe that fall will continue, as it is the middle of US vacation season. For that reason we may expect Brent and WTI to rise by 1%."

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FreshForex Forecast: US Oil Inventories

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