
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) time
The oil prices slid lower after the private survey of crude oil inventories showed a larger-than-expected level. The number of barrels held in inventories increased by 4.13 million (vs. +1.7 million expected).
Today oil traders are awaiting the weekly release of US crude oil inventories by the Energy Information Administration. According to the forecasts, the number of barrels will advance by 1.8 million. If the actual level is lower, the oil prices will go up. Alternatively, if the number of barrels is higher than the forecasts, the prices for crude will fall down.
Note, that you need to choose WTI and Brent futures in MT4 to start trading oil.
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.
What will happen? Crude oil inventories will be announced at 17:30 MT (GMT+3) on Wednesday, September 29…
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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