Trading Opportunity: Crude Oil Stock Data on Wednesday!
A big event for Brent and WTI oil tomorrow!
Oil has retreated from highs of more than three years, moving down this month below $75 a barrel for Brent and $70 for WTI.
The release of weekly data on crude stocks by the USA’s Energy Information Administration tomorrow, 27th of June at 17:30 is awaited eagerly by oil traders:
| Predictions range from Thomson Reuters’ SmartEstimate | -2.493m up to -1.3m |
|---|
Reuters’ SmartEstimate has been more reliable than other figures in 7 out of the previous 10 releases.
WEDNESDAY, 27 JUNE, 17.30 (GMT+3)
Trading involves significant risk of loss.
Whatever the figure, oil is expected to be volatile around 17.30 server time tomorrow when the data come out.
| Date | Release | Result | Consensus |
|---|---|---|---|
| 20 June | EIA crude stocks | -5,914M | -2.1M |
| 13 June | EIA crude stocks | -4.143M | -2.744M |
| 6 June | EIA crude stocks | 2.072M | -1.824M |
For a full list of macro events affecting markets, check out full economic calendar in the FBS Official Website.
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