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)
Whatever the figure, oil is expected to be volatile around 17.30 server time tomorrow when the data come out.
|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.