According to the many experts on the global forex market, the US stock data is playing an important role while determining both crude and brent oil pricse on the market at the last years under globalizing world conditions. The general expectation will be negative about the US stock data, so many traders foresee that the total US stocks will be reduced. Oil stocks data will be released by the US Energy Information Administration on Wednesday. Oil has been around 50 USD/barrel since the Organization of Petroleum Exporting Countries (OPEC) reached an agreement on November 30th to reduce production for the first time in eight years. Some non-OPEC producers, including Russia, have also announced that they will cut production.
- Date: 20 December 2016 Tue 08:10
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