How will Brent React to Crude Oil Inventories?

How will Brent React to Crude Oil Inventories?

What will happen?

Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29.

The indicator presents a change in the number of barrels of crude oil held in inventory by commercial firms during the past week. It measures supply and demand imbalances in the market, which can lead to changes in production levels and price volatility.

Last time the result was lower than the expectations, as the result XBR/USD gained $1.2.

Picture1.png

How to trade on Crude oil inventories data?

  • If the indicator is greater than forecast, the XBR/USD is likely to fall.
  • If the indicator is lower than forecast, the XBR/USD is likely to rise.

Instruments to trade: XBR/USD, XTI/USD

PUSH

All eyes on Crude oil inventories data!

Open the XBR/USD chart and follow the event on Wednesday at 17:30 MT!

TRADE NOW

Similar

Russian Oil Got Banned from Market
Russian Oil Got Banned from Market

This week started with the talk of the United States banning Russian oil exports, so XBR/USD saw $130 a barrel. Then the ban became reality. What does it really mean for the market?

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera