
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…
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
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