Dear clients,
On December 29 the data on crude oil reserves from the US Department of Energy will be released. Crude oil reserves of Energy Information Administarion (EIA) are estimated by the weekly increase in barrels of commercial oil held by US firms. Inventory levels affect the price of petroleum products, which in turn affect inflation and other economic forces.
What data is expected this time, we’ll find out from our expert:
The American Petroleum Institute reported a reduction in black gold stocks in US storage facilities by 1.3 million barrels, which is favorable for rising oil prices. From February, the US Department of Energy will begin to restore the strategic oil reserve, which has lost a lot of weight this year, which will also have a positive impact on oil prices in the medium term. Today consider buying #WTI, #BRENT, #Exxon.
Looking for a gift under the Christmas tree from Fresh Santa? Enter the giveaway for a chance to win an iPhone 14 Plus!
