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Oil prices have increased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 65 pips, or 0.88%, and decreased back in next hours to continue fluctuating in 72.6 area.
The Energy Information Administration released the US Crude Levels data that came out lower-than-expected of negative 12.6M, compare to forecasted negative 4.1M.
A president at Lipow Oil Associates Andrew Lipow said: "In spite of the extraordinary draw in crude oil inventories, the market is under pressure after refiners produced a record amount of gasoline this week and in conjunction with a greater than expected build in distillate inventories."
| Historical Data Table: US Crude Oil Inventories | Economic Calendar for 12.07.2018 | ||||||||
| Date | 14.02.2018 | 22.02.2018 | 28.02.2018 | 05.07.2018 | 11.07.2018 | 12:30 PM | US CPI m/m | ||
| Actual | 1.8M | -1.6M | 3.0M | 1.2M | -12.6M | 12:30 PM | US Core CPI m/m | ||
| Forecast | 2.8M | 2.2M | 2.4M | -4.4M | -4.1M | 12:30 PM | US Unemployment Claims | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.74133 | 0.74115 | -0.02% | AUD/USD | 53.96% | 46.04% | |||
| EUR/USD | 1.17437 | 1.17217 | -0.19% | EUR/USD | 58.18% | 41.82% | |||
| USD/JPY | 111.247 | 111.285 | 0.03% | USD/JPY | 35.98% | 64.02% | |||
| NZD/USD | 0.6803 | 0.67991 | -0.06% | NZD/USD | 55.85% | 44.15% | |||