The Energy Information Administration released the US Crude Inventories data that came out better-than-expected of 3.2M, compare to forecasted 3.6M.
Fatih Birol, the Executive Director of the International Energy Agency said: "One is high oil prices, and in many countries, they're directly related to consumer prices. The second one is global economic growth momentum slowing down".
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 01.11.2018 | ||||||||
| Date | 03.10.2018 | 11.10.2018 | 17.10.2018 | 24.10.2018 | 31.10.2018 | 9:30 AM | UK Manufacturing PMI | ||
| Actual | 8M | 6M | 6.5M | 6.3M | 3.2M | 12:00 PM | UK BOE official bank rates | ||
| Forecast | 1.1M | 2.3M | 1.6M | 3.6M | 3.6M | 14:00 PM | US ISM Manufacturing PMI | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 65.795 | 65.975 | 0.27% | Light/USD | 67.02% | 32.98% | |||
| Brent/USD | 75.555 | 75.775 | 0.29% | Brent/USD | 45.08% | 54.92% | |||
| USD/CAD | 1.31333 | 1.31308 | -0.02% | USD/CAD | 54.30% | 45.70% | |||
| USD/RUB | 65.8288 | 65.80345 | -0.04% | USD/RUB | 64.27% | 35.73% | |||