02:00 USD API Weekly Crude Oil Stock
The American Petroleum Institute reports inventory levels of US crude oil, petrol and distillate stocks on a weekly basis. The figure shows how much oil and refined products are available in storage. The indicator gives an overview of US petroleum demand.
If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected.
If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
More FREE tips Join Channel
for more updates click & chat::
Be a part of Live Mcx/Comex/Forex tips
Join us on telegram/whtsp & earn daily.