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Oil price have increased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 21 pips, or 0.30% right after the data release. The crude oil price kept increasing in next hours after the release to continue trading at 71.03 level.
The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of negative 2.1M, compare to forecasted negative 2.7M.
The United States crude oil price rose to a two-month high after the data release on Wednesday. The data release was bullish according to the market reaction putting the crude oil price above 70 cents per barrel.
| Historical Data Table: Crude Oil Inventories | Economic Calendar for 21.09.2018 | ||||||||
| Date | 22.08.2018 | 29.08.2018 | 06.09.2018 | 12.09.2018 | 19.09.2018 | 8:30 AM | UK Public Sector Net Borrowing | ||
| Actual | -5.8M | -2.6M | -4.3M | -5.3M | -2.1M | 12:30 PM | CAD CPI m/m | ||
| Forecast | -1.6M | -0.7M | -2.2M | -1.3M | -2.7M | 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 | 70.44 | 70.415 | -0.04% | Light/USD | 40.49% | 59.51% | |||
| Brent/USD | 79.001 | 79.115 | 0.14% | Brent/USD | 29.05% | 70.95% | |||
| USD/CAD | 1.29907 | 1.29827 | -0.06% | USD/CAD | 53.79% | 46.21% | |||
| USD/RUB | 66.7698 | 66.7817 | 0.02% | USD/RUB | 54.65% | 45.35% | |||