The Energy Information Administration released the US Crude Oil Inventories data that came out higher-than-expected of negative 2.7M, compare to forecasted negative 1.4M.
Matthew Smith, the Director of Commodity Research at ClipperData in Louisville, Kentucky said: "Any bullish sentiment from the crude draw has been vanquished by emphatic builds to the products - particularly with gasoline, lifting inventories some 6 percent above the five-year average,"
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 18.01.2019 | ||||||||
| Date | 12.12.2018 | 19.12.2018 | 19.12.2018 | 09.01.2019 | 16.01.2019 | All day | G20 Meetings | ||
| Actual | -1.2M | -0.5M | -0.5M | -1.7M | -2.7M | 9:30 AM | UK Retail Sales m/m | ||
| Forecast | -3.0M | -2.7M | -2.7M | -2.4M | -1.4M | 13:30 PM | CAD CPI m/m | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 17.01.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 52.205 | 52.165 | -0.08% | Light/USD | 58.75% | 41.25% | |||
| Brent/USD | 60.871 | 60.871 | 0.00% | Brent/USD | 47.61% | 52.39% | |||
| USD/CAD | 1.32466 | 1.32448 | -0.01% | USD/CAD | 35.93% | 64.07% | |||
| USD/RUB | 66.4513 | 66.45753 | 0.01% | USD/RUB | 30.14% | 69.86% | |||