EIA is going up, the price goes down!
Updated
We expect the EIA United States Crude Oil Stocks will be -2.782, the previous was -6.912 M.
Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect.
In the other hand, The price should fill the gap after the Aramco attack.
So we expect the price hit 56 $ for tonight
Have good trade
Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect.
In the other hand, The price should fill the gap after the Aramco attack.
So we expect the price hit 56 $ for tonight
Have good trade
Trade closed: target reached
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