Read more

OIL sharply down ahead of the key report

2:48 PM 17 October 2018
OIL prices are sharply down on Wednesday ahead of the key DOE report on inventories. OIL (Brent) is down 1.4% and OIL.WTI loses as much as 1.8% with 45 minutes left to the release of the report as traders are concerned about growing supply from the US. The EIA said it expected a significant production increase from shale next month. Yesterday’s API showed an unexpected draw of inventories of 2mb but the question is if it’s confirmed by the DOE. The consensus sees an increase of 1 million barrels. Normally, higher than expected inventories are negative for oil prices.  
Share:
Back

Market News

01.07.2025
10:04

Eurozone CPI in line with expectations

Eurozone CPI Estimate (Y/Y) Jun P: 2.0% (est 2.0%; prev 1.9%) - CPI (M/M): 0.3% (est 0.3%; prev 0.0%) - Core CPI (Y/Y): 2.3% (est 2.3%; prev 2.3%) The...

 09:08

BREAKING: EURUSD with limited reaction to mixed PMI data from Europe

We have just seen the PMI data readings for the manufacturing sector in selected key European Union countries: Spain HCOB Manufacturing PMI Jun:...

 07:56

Economic calendar: PMI data and Sintra conference in focus

Futures contracts on European stock indices are trading without a clear direction ahead of the cash session Investors' attention will focus on...
More news

Join over 1 600 000 XTB Group Clients from around the world

Start trading Download the app Download the app
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits