HotForex - Analytics

    HotForex

    496.00 8.50/10
    69% of positive reviews
    Real

    US Crude Inventories – Big Miss

    2016-05-11_17-55-21

    USOil, H1   

    Front month US Oil crude spiked up more than $1/bbl to $45.23 from $44.20 following the EIA inventory data which showed a 3.4 mln bbl fall in crude stocks. The street had been expecting a 0.5 mln bbl increase. Meanwhile, gasoline supplies, seen down 0.5 mln bbls actually fell 1.2 mln bbls, while distillate stocks were down 1.6 mln bbls, versus expectations for a 1.0 mln bbl fall. Refinery usage fell to 89.1% from 89.7%.

    Overall, a very bullish report. USDCAD also fell as expected, having been north of 129.00 today and as high as 1.2935 it is currently trading down at 1.2850.

     

    Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

    Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! The next webinar will start in:

     

    Stuart Cowell

    Market Analyst 

    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree