The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of 6.5M, compare to forecasted 1.6M
"A tick higher in refining activity and a drop in production due to hurricane activity in the Gulf was not enough to halt a fourth consecutive climb in (inventories)- and a solid one at that," said Matt Smith, director of commodity research at ClipperData in Louisville, Kentucky.
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 19.10.2018 | ||||||||
| Date | 19.09.2018 | 26.09.2018 | 03.10.2018 | 11.10.2018 | 17.10.2018 | 6:30 AM | JPY BOJ Gov Kuroda Speaks | ||
| Actual | -2.1M | 1.9M | 8M | 6M | 6.5M | 12:30 PM | CAD CPI m/m | ||
| Forecast | -2.7M | -0.7M | 1.1M | 2.3M | 1.6M | 12:30 PM | CAD Core Retail Sales m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 70.875 | 70.315 | -0.79% | Light/USD | 49.26% | 50.74% | |||
| Brent/USD | 80.525 | 79.986 | -0.67% | Brent/USD | 33.89% | 66.11% | |||
| USD/CAD | 1.29786 | 1.29835 | 0.04% | USD/CAD | 50.08% | 49.92% | |||
| USD/RUB | 65.49804 | 65.55065 | 0.08% | USD/RUB | 57.53% | 42.47% | |||