FreshForex Forecast: US Crude Oil Inventories

31 May 2017

FreshForex Forecast: US Crude 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.

This week report is scheduled on June 1, at 3 p.m. GMT and may cause significant oil prices change.

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


“This week vacation season has started in USA, which traditionally leads to declining oil inventories. Americans like traveling by car during summer season, that's why high oil products demand is observed. US oil inventories have reduced for 7 weeks in a row. This tendency may be expected to continue, which will have positive impact on oil prices. Brent and WTI quotes increase by 1% may be expected.”


Check out Forex Heatmap of the most volatile instruments and earn money right away!

FreshForex Forecast: US Crude Oil Inventories

If you have any questions, don't hesitate to contact us:

 

Good luck in trading!
FreshForex — forget other brokers.

Other news:

 

All news

Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus