Every week US oil inventories report is released. It measures the weekly change in the number of barrels of commercial crude oil held by US firms.
The leading FreshForex analyst Catherine Main commented on the US Oil Inventories report scheduled on December 28th at 4pm GMT as follows:
“Oilfield service company Baker Hughes stated decrease of drilling activity in North America. For this reason we are observing cut in USA oil inventories. Over the last five weeks inventories reduced by 22.5 million barrels. That’s a positive signal for oil market. Trading signals: on Thursday consider buying Brent and WTI.”
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