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    Data on crude oil reserves

    Tomorrow, on 16 August, the US Energy Department will publish its weekly data on crude oil reserves. It is worth noting that the last six reports, starting on 30 June, signaled a clear increase in demand for hydrocarbons. This helped oil quotes exceed the psychological level of $50 per barrel by the main reference brands Brent and WTI. The event traditionally causes increased volatility in the dynamics of "black gold" prices, provoking a surge in quotations. Tomorrow's publication of new data will not be an exception.

    Time, GMT

    Instrument

    Event

    Forecast

    Previous

        
       
         1:30 pm

     

    CLF, LCO

     

    Data on crude oil reserves from USA Energy Dep for a week (Aug 11)

     

    -2.7М bbls

     

    -6,45M bbls

     

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    The figures and analysis presented are based on projections. Please bear in mind that if projections are not realized, financial results can be different.

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    • avatar-8010
      • #

      US Energy Department data may weighed on oil prices at the beginning of this week. A leap above $ 53 / barrel, until the end of August is quite possible.


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