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A mixed day in the oil market

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 21, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    A mixed day in the oil market which ended with WTI and Brent going in different directions. This was mainly as the November WTI contract expired immediately followed after the close by the API inventory stats which were worse than the market expected. A build of 7.1 barrels beat the whisper, analysts had predicted a rise of only 3.9m barrels. This afternoon sees the Opec ‘technical’ meeting and then the EIA stats so we will know mores after that.

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