New US oil data to be published tomorrow! High volatility in the market can be expected!

Aug 15, 2017

Tomorrow, on 16 August, the US Energy Department will publish its weekly data on crude oil reserves. It is worth noting that the last six reports, starting on 30 June, signaled a clear increase in demand for hydrocarbons. This helped oil quotes exceed the psychological level of $50 per barrel by the main reference brands Brent and WTI. The event traditionally causes increased volatility in the dynamics of "black gold" prices, provoking a surge in quotations. Tomorrow's publication of new data will not be an exception.

Time, GMT

Instrument

Event

Forecast

Previous

    
   
     1:30 pm


CLF, LCO


Data on crude oil reserves from USA Energy Dep for a week (Aug 11)


-2.7М bbls


-6,45M bbls


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Risk Warning: Trading CFDs and other speculative products, such as rolling spot forex, is risky and can result in the loss of your entire invested capital. Read full Risk Warning of Alfa-Forex here.