What to expect from “US Oil Inventories” data from US Energy Information Agency (EIA)?

May 24, 2017

Tomorrow at 5:00 PM (GMT+0): Crude oil stock piles report price influence. Do not miss this webinar!

What to expect from “US Oil Inventories” data from US Energy Information Agency (EIA)?

This article is originally referred from Fortrade News

Every Wednesday, US Energy Information Agency (EIA), run by the US Government, releases weekly data on US Oil Inventories, which is telling investors a lot about current oil market conditions.

Investors focus on this type of report as after its release considerable oil price fluctuations can occur.

For instance, when on Wednesday (May 10, 2017), US EIA reported a weekly drop of 5.247 million barrels in US oil inventories amid expectations of a drop of only 1.786 million barrels, crude oil prices rose by more than 2.00%.

You can now take advantage of Fortrade special webinar to learn how traders use this type of report in their trading strategies. The webinar will take place on Thursday 25 May 2017 at 5:00 PM (GMT +0).

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Original Source: Fortrade News

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