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20 May | Oil

United States. Crude Oil Inventories. The value of the indicator has decreased from -4.306M to -7.863M

Brent
WTI Light Crude Oil

A report on this calendar event is released weekly (on wednesday) by the U.S. Energy Information Administration.

This indicator measures how crude oil and petroleum product inventories have changed over the reporting period. The report includes petroleum derivatives.

The indicator can cause strong price fluctuations due to the impact of the cost of oil on the global economy. Commodity currencies are affected the most.

A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

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Forecasts

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Go short on gold with $4,100 in view
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Invest in Brent crude up to $115
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