The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of 4.9M, compare to forecasted 2.5M.
On November 21, US President Donald Trump posted on his Twitter account: "Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy!… Thank you to Saudi Arabia, but let's go lower!"
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 23.11.2018 | ||||||||
| Date | 17.10.2018 | 24.10.2018 | 31.10.2018 | 16.11.2018 | 21.11.2018 | 9:00 AM | EU Flash Manufacturing PMI | ||
| Actual | 6.5M | 6.3M | 3.2M | 10.3M | 4.9M | 13:30 PM | US CPI m/m | ||
| Forecast | 1.6M | 3.6M | 3.6M | 2.9M | 2.5M | 13:30 PM | US Core Retail Sales m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 54.4 | 54.23 | -0.31% | Light/USD | 69.38% | 30.62% | |||
| Brent/USD | 63.222 | 62.971 | -0.40% | Brent/USD | 72.21% | 27.79% | |||
| USD/CAD | 1.32794 | 1.32843 | 0.04% | USD/CAD | 43.21% | 56.79% | |||
| USD/RUB | 65.78861 | 65.83501 | 0.07% | USD/RUB | 47.61% | 52.39% | |||