CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: EIA’s crude oil inventories decline more than expected

15:08 15 October 2020

A few moments ago investors were offered The Energy Information Administration’s (EIA) report. The weekly data showed that crude oil inventories declined even more than expected. Gasoline inventories fell more or less in line with forecasts while distillate inventory showed much larger decline. The exact results were as follows:

  • Crude Oil Inventories: -3818k (vs expected: -3400k)

  • Gasoline Inventories: -1626k (vs expected: -1400k)

  • Distillate Inventory: -7240k (vs expected: -1950k)

OIL.WTI prices went slightly up shortly after the announcement. Looking at H1 time frame, WTI has remained in local consolidation recently. The area at $39.1 is key support level while the $42.30 level might be regarded as a resistance area. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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