The Energy Information Administration released the US Crude Inventories data that came out better-than-expected of negative 1.2M, compare to forecasted negative 3.0M.
Andrew Lipow, the President of Lipow Oil Associates in Houston said, "The market is disappointed that the EIA did not confirm the 10 million-barrel crude oil inventory draw we saw in the API statistics yesterday and as a result the crude oil price has come off,".
Watch The Live Cover: Click Here
| Historical Data Table: Crude Oil Inventories | Economic Calendar for 13.12.2018 | ||||||||
| Date | 16.11.2018 | 21.11.2018 | 28.11.2018 | 06.12.2018 | 12.12.2018 | 9:00 AM | EU Flash Manufacturing PMI | ||
| Actual | 10.3M | 4.9M | 3.6M | -7.3M | -1.2M | 9:00 AM | EU Flash Services PMI | ||
| Forecast | 2.9M | 2.5M | 0.6M | -1.3M | -3.0M | 13:30 PM | US Retail Sales m/m | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 06.12.2018 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 52.065 | 51.885 | -0.35% | Light/USD | 62.05% | 37.95% | |||
| Brent/USD | 60.822 | 60.636 | -0.31% | Brent/USD | 58.39% | 41.61% | |||
| USD/CAD | 1.33398 | 1.33419 | 0.02% | USD/CAD | 52.86% | 47.14% | |||
| USD/RUB | 66.32491 | 66.32682 | 0.00% | USD/RUB | 33.08% | 66.92% | |||