Light/USD: US Crude Oil Inventories

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Source: Dukascopy Bank SA

[ANNOUNCE] Oil prices increased volatility during the release of the US Crude Oil Inventories on Wednesday at 14:30 GMT. The one-minute candle gained 27 pips, or 0.41% right after the data release. In the next minutes the rate was trading at the 66.30 level. [/ANNOUNCE]

The Energy Information Administration released the US Crude Inventories data that came out better-than-expected of 3.2M, compare to forecasted 3.6M. [/ANNOUNCE]

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%

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