Swing Trades: CMD/USD [Video]

Dukascopy Bank Team Dukascopy Bank SA

LIGHT.CMD/USD: US Crude Oil Inventories

Oil prices decreased after US Crude Oil Inventories data release on Wednesday at 14:30 GMT. The one-minute candle lost 34 pips, or 0.50%, but the post-reaction caused a drop of 45 pips or 0.66%. In next hours the market recovered to continue fluctuating in the 67.8 area.

The Energy Information Administration released the US Crude Inventories data that came out higher-than-expected. Instead of the expected negative 2.8 million, the data came out only 1.4 million negative.

The Australia and New Zealand Banking Group announced on Wednesday: "Crude oil prices rose as the reality of US sanctions on Iran weighed on sentiment."

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