
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?
Crude oil inventories – 17:30 MT (14:30 GMT)
According to yesterday’s news OPEC is considering further production cuts. The next meeting of oil-producing countries is scheduled for December 5-6. The announcement pushed the oil prices up. The move to the downside came after the release of private oil data. According to it, the number of barrels advanced by 4.45 million (vs. the 2.75 million expected). Today, we will be awaiting the publication of crude oil inventories by the EIA at 17:30 MT. According to forecasts, the number of barrels is expected to increase by 2.5 million. In case of lower figures, the oil prices will go up.
Notice, that you need to choose BRN- and WTI- futures to trade oil in Metatrader 4.
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?
Organization of the Petroleum Exporting Countries (OPEC) is scheduled to meet on January 4.
Inflation in Europe was released better than the forecast. The preliminary fact was published at 4.3%. What's happening in the markets?
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
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