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Oil price have decreased after the US Crude Oil Inventories data release on Thursday at 15:00 GMT. The one-minute candle lost 31 pips, or 0.44% right after the data release. In the next minutes the rate was trading at the 71.30 level.
The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of 6M, compare to forecasted 2.3M.
On Thursday, The Energy Information Administration report said: "Some developed and emerging market economies may be starting to experience slower economic growth, which could result in lower-than-forecast oil demand, especially if crude oil prices continue to rise,".
| Historical Data Table: Crude Oil Inventories | Economic Calendar for 15.10.2018 | ||||||||
| Date | 12.09.2018 | 19.09.2018 | 26.09.2018 | 03.10.2018 | 11.10.2018 | 12:30 PM | US Retail Sales m/m | ||
| Actual | -5.3M | -2.1M | 1.9M | 8M | 6M | 14:30 PM | CAD BOC Business Outlook Survey | ||
| Forecast | -1.3M | -2.7M | -0.7M | 1.1M | 2.3M | 21:45 PM | NZD CPI q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 71.635 | 71.575 | -0.08% | Light/USD | 42.92% | 57.08% | |||
| Brent/USD | 81.256 | 81.185 | -0.09% | Brent/USD | 34.34% | 65.66% | |||
| USD/CAD | 1.30503 | 1.30534 | 0.02% | USD/CAD | 60.73% | 39.27% | |||
| USD/RUB | 66.23124 | 66.26875 | 0.06% | USD/RUB | 54.48% | 45.52% | |||