Rechercher
FR Down
langue
Bonjour, user_no_name
Live Chat

Les CFD sont des instruments complexes et sont accompagnés d’un risque élevé de pertes financières rapides en raison de l’effet de levier. 76,3 % des comptes d’investisseurs particuliers perdent de l’argent en tradant des CFD avec ce fournisseur. Vous devez déterminer si vous comprenez comment fonctionnent les CFD et si vous pouvez vous permettre de courir le risque élevé de perdre votre argent.

Close

WTI crude oil and Brent oil are cautiously higher ahead of today’s US oil inventories report.

The official weekly report from the Energy Information Administration is expected to show a drop of nearly 2 million barrels.

Crude oil dives as API data shows surprise build

But data yesterday from the American Petroleum Institute stunned markets with a surprise 8.1 million barrel build. Like the upcoming EIA data, forecasts had been for a draw of 2 million barrels.

WTI crude oil futures contracts for delivery in August have been range bound since the middle of May, with $32 providing support and resistance at $35 keeping a ceiling on rallies.

Chart: WTI crude oil futures contracts, August delivery

Candlestick graph for WTI crude oil August futures contracts, May 28th 2020

Traders have struggled to find direction: on the one hand, the reopening of global economies will help stimulate demand, but on the other, the world remains awash with excess supply.

Sentiment had already taken a hit yesterday even before the API data, as reports cast doubt over Russia’s commitment to OPEC+ production cuts.

Tensions between the US and China over a new security law for Hong Kong is also weighing on risk-appetite, although so far today oil has continued to find bid.

The API data saw crude oil prices fall over $2 per barrel, while Brent was off over $1.50. If the EIA data confirms that inventories rose again last week, today’s gains could quickly turn to losses.

Chart: Brent oil futures contracts, August delivery

Candlestick price chart for Brent oil August futures contracts

Les dernières actualités

Treasury yields, dollar pull back after higher-than-expected CPI reading triggers rally

Jeudi, 12 Septembre 2024

Indices

Semaine à venir : La Réserve fédérale s’apprête à réduire ses taux, mais de combien ?

Trump-Harris debate, iPhone 16 launch, and ECB meeting in focus this week

Jeudi, 5 Septembre 2024

Indices

Semaine à venir : Lancement de l'iPhone 16, débat Trump-Harris, réunion de la BCE

Markets look to key US jobs report after Labor Day

Jeudi, 29 Aout 2024

Indices

Semaine à venir : Après la fête du travail aux États-Unis, les marchés se tournent vers les données clés de l'emploi

Samedi, 24 Aout 2024

Indices

Semaine à venir : Les marchés attendent les résultats de Nvidia

Live Chat