The price of oil could rise sharply after the report, US Department of energy
Wednesday, the oil accelerated the pace of price growth and rose to 59.7 per barrel of Brent crude in anticipation of the publication of data on stocks of raw materials in the U.S. for the week from the energy of the country. On the market expect that this figure decreased by 2.1 million barrels.
Earlier, the American petroleum Institute (API) reported that according to its data, the oil reserves in the U.S. last week fell by 11 million barrels, which was a record level since the end of July.
However, investors drew attention to a new forecast Morgan Stanley for the global oil market – he was demoted to the end of this year to $ 60 for Brent from the previously expected $ 65 and WTI to $ 55 a barrel from $ 58. The deterioration in expectations is due to the lowering of the forecast for growth in global oil demand in 2019 and 2020.
The growth of the oil market have allowed trader Forex Club make money on changes in WTI to almost 19 thousand dollars a day, the other trader has received on the dynamics of Brent crude more than 13 thousand dollars.
Dollar exchange rate on forex grows moderately against most major world currencies, rising to the level of 1,1085 dollars per Euro. The market is stabilizing after volatile is the end of the previous and the beginning of this week when investors have won the worsening trade relations between the US and China.
The current growth rate of the Euro against the dollar gave the opportunity to the trader Forex Club to the dynamics of pair Euro/dollar more than 13 thousand dollars per day.