Watch More: Dukascopy TV
Oil price have increased after the US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle gained 23 pips, or 0.33% right after the data release. In the next minutes the rate was trading at the 71.70 level.
The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of 1.9M, compare to forecasted negative 0.7M.
Brian Hook, Washington's special envoy for Iran, told a news conference at the United Nations General Assembly."We will ensure prior to the reimposition of our sanctions that we have a well supplied oil market,".
| Historical Data Table: Crude Oil Inventories | Economic Calendar for 01.10.2018 | ||||||||
| Date | 29.08.2018 | 06.09.2018 | 12.09.2018 | 19.09.2018 | 26.09.2018 | 8:30 AM | UK Manufacturing PMI | ||
| Actual | -2.6M | -4.3M | -5.3M | -2.1M | 1.9M | 14:00 PM | US ISM Manufacturing PMI | ||
| Forecast | -0.7M | -2.2M | -1.3M | -2.7M | -0.7M | Tentative | NZD NZIER Business Confidence | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 71.755 | 71.88 | 0.17% | Light/USD | 42.05% | 57.95% | |||
| Brent/USD | 81.265 | 81.445 | 0.22% | Brent/USD | 28.91% | 71.09% | |||
| USD/CAD | 1.29701 | 1.29663 | -0.03% | USD/CAD | 53.83% | 46.17% | |||
| USD/RUB | 65.89465 | 65.8975 | 0.00% | USD/RUB | 35.21% | 64.79% | |||