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A slightly quieter day in the oil markets

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 8, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    A slightly quieter day in the oil markets with the EIA inventory stats just taking the edge off the recent rally. Analysts had been expecting a build, even after the API report of a modest draw and so seeing stocks up by 3.1m barrels was disappointing but not by much. The bullish news around the crude patch has mainly come from the EIA STEO which as I mentioned yesterday is moving towards the IEA stance, and of course the increasingly obvious fall in US shale production. Indeed, speaking in

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