Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
20 October 2022 | Other

Oil growth continues despite the measures taken to contain prices

Brent
WTI Light Crude Oil

Due to the fact that the market has not reacted to the actions taken by US President Joe Biden to curb the rise in energy prices that have fueled inflation, oil continues to rise.

The US President announced that 15 million barrels of oil had been released from the strategic reserve. He also noted the likelihood of additional supplies, but no measures such as limiting fuel exports were announced.

The reduction of fuel reserves is observed from Europe to the USA. According to the Energy Information Administration, diesel fuel reserves in the United States have decreased to the lowest level since 2008, to 25 days, as fuel consumption spikes as winter approaches. Crude oil reserves were also reduced by 1.73 million barrels last week.

Company MarketCheese

Recommended

United States. CFTC Crude Oil speculative net positions. The value of the indicator has increased from 78.8K to 97K
30 January
United States. U.S. Baker Hughes Total Rig Count. The value of the indicator has increased from 544 to 546
30 January
United States. U.S. Baker Hughes Oil Rig Count. The value of the indicator remained at the same level of 411
30 January
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 1.478M to -0.278M
28 January
United States. Crude Oil Inventories. The value of the indicator has decreased from 3.602M to -2.295M
28 January
Top news
Australia. RBA Interest Rate Decision. The value of the indicator has increased from 3.6% to 3.85%
Today at 3:30 AM
United States. ISM Manufacturing PMI. The value of the indicator has increased from 47.9 to 52.6
Yesterday at 3:00 PM
European Union. Manufacturing PMI. The value of the indicator has increased from 49.4 to 49.5
Yesterday at 9:00 AM
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.3%
30 January
European Union. Unemployment Rate. The value of the indicator has decreased from 6.3% to 6.2%
30 January
All news

Forecasts

USDCAD sell
Period: 31.05.2026 Expectation: 11000 pips
USDCAD selloff starts from 1.4060
Indicators and reports Chart analysis
Today at 11:43 AM 1
McCarthy_Raymond
BTCUSD sell
Period: 10.02.2026 Expectation: 9000 pips
Selling BTCUSD on rebound to $84,000 amid negative fundamentals
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 11:06 AM 3
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Tesla Inc sell
Period: 13.02.2026 Expectation: 2500 pips
Tesla stock slides toward $400
FA Other Indicators Chart analysis
Today at 08:37 AM 12
John_Bullard
AUDUSD buy
Period: 10.02.2026 Expectation: 1570 pips
Investing in AUDUSD on RBA hawkish policy shift
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
Today at 07:04 AM 24
Emily_Foster
S&P 500 sell
Period: 09.02.2026 Expectation: 815 pips
SPX is at risk of further correction due to revised rate expectations
Technical analysis Indicators and reports Indicators Hot news Fundamental analysis
Yesterday at 11:40 AM 31
Emily_Foster
Silver buy
Period: 09.02.2026 Expectation: 1800 pips
Silver seeks firmer ground after historic plunge
Technical analysis FA Other Indicators Chart analysis Fundamental analysis
Yesterday at 11:38 AM 54
Lyra_Moonwell1
Lyra_Moonwell1
Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Go to forecasts