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. API Weekly Crude Oil Stock. The value of the indicator has decreased from 10.263M to 3.719M
8 April
United States. Cushing Crude Oil Inventories. The value of the indicator has decreased from 0.52M to 0.024M
8 April
United States. Crude Oil Inventories. The value of the indicator has decreased from 5.451M to 3.081M
8 April
United States. CFTC Crude Oil speculative net positions. The value of the indicator has decreased from 233.6K to 213.5K
3 April
United States. Total Vehicle Sales. The value of the indicator has increased from 15.8M to 16.3M
3 April
Top news
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.8%
9 April
United States. Core PCE Price Index (YoY). The value of the indicator has decreased from 3.1% to 3%
9 April
United States. GDP (QoQ). The value of the indicator has decreased from 0.7% to 0.5%
9 April
European Union. Retail Sales (MoM). The value of the indicator has decreased from 0% to -0.2%
8 April
United States. Nonfarm Payrolls. The value of the indicator has increased from -133K to 178K
3 April
All news

Forecasts

Silver sell
Period: 27.04.2026 Expectation: 4800 pips
Silver sell-off with $70.0 target
Indicators and reports FA Other Chart analysis Hot news
Today at 11:21 AM 14
Sinclair_John
EURUSD sell
Period: 20.04.2026 Expectation: 870 pips
EURUSD enters corrective phase thanks to stronger dollar
FA Other TA Other Technical analysis Indicators Fundamental analysis
Today at 10:14 AM 13
Lyra_Moonwell1
S&P 500 sell
Period: 27.04.2026 Expectation: 170 pips
Selling SPX on US-Iran talks breakdown
Indicators and reports FA Other Chart analysis Hot news
Today at 09:47 AM 13
Reed_Marcus
S&P 500 sell
Period: 30.04.2026 Expectation: 1300 pips
Selling ​​SPX down to $6,630
FA Other Chart analysis
Today at 06:42 AM 12
McCarthy_Raymond
EURUSD buy
Period: 30.04.2026 Expectation: 1000 pips
Investing in EURUSD as eurozone inflation heats up
FA Other Chart analysis
Today at 06:42 AM 15
McCarthy_Raymond
Gold buy
Period: 20.04.2026 Expectation: 17000 pips
Gold offsets morning losses amid failed US-Iran negotiations
FA Other Technical analysis Indicators Hot news Fundamental analysis
Today at 06:31 AM 25
Emily_Foster
Go to forecasts