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Oil backed down after API inventory report

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    So, this afternoon the Fed will announce, arise US interest rates and likely signal further strength in the greenback, not the best news for dollar traded commodities such as crude oil. Yesterday, as can be seen above, oil rallied only to be kicked back down after hours by the API inventory report and the IAEA statement. The API announced that contrary to analysts forecasts of a draw of 1.4m barrels the actualité was a build of 2.3m including a build at Cushing, the EIA tonight may be

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