EIA appear to be a bit more positive with numbers

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 12, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Another weak day for the oil price yesterday as the market digests or waits for the monthly reports from the reporting agencies. The EIA who were first out of the blocks appeared to be a bit more positive with numbers indicating further cuts to Non-Opec production leaving the call on Opec at 30.78m b/d. Depending on the Opec number today and the IEA tomorrow there might be light at the end of the tunnel but in the meantime it’s the stock build, as evidenced by the API stats on Tuesday that

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