The Energy Information Administration released the US Crude Inventories data that came out lower-than-expected of 10.3M, compare to forecasted 2.9M.
"The Saudis feel they were completely snookered by Trump. They did everything to raise supplies assuming Washington would push for very harsh Iranian sanctions. And they didn't get any heads up from the U.S. that Iran will get softer sanctions," said one senior source briefed on Saudi energy policies.
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| Historical Data Table: Crude Oil Inventories | Economic Calendar for 20.11.2018 | ||||||||
| Date | 11.10.2018 | 17.10.2018 | 24.10.2018 | 31.10.2018 | 16.11.2018 | 12:30 AM | AUD Monetary Policy Meeting Minutes | ||
| Actual | 6M | 6.5M | 6.3M | 3.2M | 10.3M | 8:20 AM | AUD RBA Gov Lowe Speaks | ||
| Forecast | 2.3M | 1.6M | 3.6M | 3.6M | 2.9M | 10:00 AM | UK Inflation Report Hearings | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| Light/USD | 56.845 | 56.605 | -0.42% | Light/USD | 68.56% | 31.44% | |||
| Brent/USD | 66.902 | 66.656 | -0.37% | Brent/USD | 66.72% | 33.28% | |||
| USD/CAD | 1.32272 | 1.32296 | 0.02% | USD/CAD | 39.40% | 60.60% | |||
| USD/RUB | 66.3161 | 66.38773 | 0.11% | USD/RUB | 55.29% | 44.71% | |||