The Energy Information Administration released the US Crude Inventories data that came out better-than-expected of negative 0.5M, compare to forecasted negative 2.7M.
John Kilduff, the partner at Again Capital Management in New York said, "There was an appreciable rise in demand for the diesel fuel category and a rather large drawdown in stocks. The crude oil drawdown, however, was much smaller-than-expected, which moderated the report, as did the large inventory increase at the Cushing delivery hub."
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 21.12.2018 | ||||||||
| Date | 21.11.2018 | 28.11.2018 | 06.12.2018 | 12.12.2018 | 19.12.2018 | 9:30 AM | UK Current Accoun | ||
| Actual | 4.9M | 3.6M | -7.3M | -1.2M | -0.5M | 13:30 PM | CAD GDP and Core Retail Sales | ||
| Forecast | 2.5M | 0.6M | -1.3M | -3.0M | -2.7M | 13:30 PM | US Durable Goods Orders and the Final GDP | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 20.12.2018 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 47.645 | 47.73 | 0.18% | Light/USD | 65.76% | 34.24% | |||
| Brent/USD | 57.295 | 57.361 | 0.12% | Brent/USD | 72.68% | 27.32% | |||
| USD/CAD | 1.34225 | 1.34242 | 0.01% | USD/CAD | 25.94% | 74.06% | |||
| USD/RUB | 67.5822 | 67.5738 | -0.01% | USD/RUB | 63.56% | 36.44% | |||