crude oil inventory: Latest News on crude oil inventory ...

Important Guide About Oil Trading

One of the best commodities to trade in the market is the crude oil. It belongs to a very active market and it is popular among traders and investors. News about this commodity is abundant and it causes the oil price movements every day. Thus, it showcases many trading opportunities for day-traders and long-term traders alike.
It is a valuable commodity and it has marked its importance to mankind. This commodity is the main asset of many global industries. It is a major source of energy. It generates electricity, provides power for transportation, and allows factories to function. Therefore, oil price movements can affect many other assets such as bonds, currencies (forex), stocks, and in special cases even other commodities.
Developed industrial countries are the biggest consumers of this commodity. China, Japan, Germany, U.S., and the UK are one of the largest consumers. Its price is determined by supply and demand factors. When demand increases, its price will also increase. While a decrease in demand will also decrease its price. Thus, it is important to pay attention to these big oil-consuming nations, regardless of the commodity’s demand status.
Traders should be aware of various reports when they trade this commodity. The first one is the weekly oil inventory of America’s Department of Energy (DOE). This report presents the supply that is available for the market. Whenever the supply is high it implies that there is less demand in the previous week, making the price to fall. When the supply is low, it implies that demand is high which results in a higher price.
The second one is the annual report of the Organization of the Petroleum Exporting Countries (OPEC). This report presents the production of each representing countries. It checks how much supply is going to be produced for the world market. OPEC’s production will depend on the status of the world’s supply and demand. For example, if supply is low then OPEC will increase in production, resulting in low price. Traders must know of the influence the OPEC has in deciding the oil price.
Another component traders should pay attention to is the U.S. dollar. This currency is used for pricing oil. This commodity and the U.S. dollar has an inverse relationship. A lower price of the dollar means a high oil price and a lower price in oil means a high price of a dollar.
Crude oil is a special asset it requires exceptional skills to make a profit out of it. Newbies who are looking to trade this commodity must learn what moves it, its crowd, its history, and different physical variations. Trade oil with us, here in Millennium-FX.
Read More: https://blog.mlnfx.com/important-guide-oil-trading/
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How to Trade the Crude Oil Inventory Report Crude Oil Inventory data - Explanation based on demand and supply How to read crude oil and Natural Gas inventory report ... How to analyse a crude oil inventory? Forex Trading based on Crude Oil Inventories in the USDCAD Live trading of crude oil inventory report. - YouTube Secrets for Trading the Crude Oil Inventory Report

Last updated on May 22nd, 2020. Crude Oil Futures is not only an active market to trade but is also one of the most popular instruments available to day traders.. That makes trading Crude Oil and the crude oil inventory release, a wonderful opportunity for traders to make additional income or a stand alone income producing market.. Weekly Crude Oil Inventory Release Numbers For Today Here, we are at the Forex factory economic calendar and as you can see, this is on May 13th, 2015 at 5:30 p.m., we had the crude oil inventories released. Last month, where minus 3.9 million barrels in stock and we had a forecast of minus 0.1 million. So the forecast wasn’t incredibly good numbered, which I think was very difficult to achieve if you look at the past four months of crude oil ... Inventory Report: EIA (U. S Energy Information Administration) provides Stock/Storage Report of Crude Oil every week, which is known as Inventory Report. Inventory Report Time: 8:00 PM. Inventory Report Day: Wednesday. But if there is any Holiday than Inventory may be released on next day. From EIA website, you can find exact dates of Inventory ... Crude Inventory Data Shows Surprise Build of 2 Million Barrels Last Week. From streetinsider.com. U.S. crude oil refinery inputs averaged 12.8 million barrels per day during the week ending September 4, 2020 which was 1.1 million barrels per day less than the previous week’s average. Refineries operated at 71.8% of their operable capacity last week. Gasoline production decreased last week ... Provide breaking news and key reports related to the oil market. How To Trade Crude Oil Inventories. In the U.S. weekly updates on the crude oil inventories are very important data for oil traders. Which gets affects the volatility of oil. In addition to oil demand, the inventory data proves to be an important barometer. At last, if weekly inventories are increasing, This would suggest that ... Oil falls after US inventory build feeds oversupply fears. Brent crude futures for December delivery were at $42.94 a barrel, down 22 cents, or 0.5per cent, as of 0035 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 23 cents, or 0.7per cent, to $41.47 a barrel. Crude Inventory +4.32M Barrels vs +1.15M Expected. From streetinsider.com. U.S. crude oil refinery inputs averaged 13.4 million barrels per day during the week ending October 23, 2020 which was 363,000 barrels per day more than the previous week’s average. Refineries operated at 74.6% of their operable capacity last week. Gasoline production increased last week, averaging 9.1 million barrels ...

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How to Trade the Crude Oil Inventory Report

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