OIL RESERVES CONTINUE TO DECLINE
Today, on February 18 at 16:00 GMT, the US Department of Energy will publish a report on oil reserves in the country. This is an important indicator showing the level of demand and prices for black gold.
Leading analyst of FreshForex gives the following recommendations on this matter:
The American Petroleum Institute has reported on the reduction of black gold reserves in American storage facilities by 5.8 million barrels. Reserves are declining for the fourth week in a row, which is positive for oil prices. Since the beginning of the month, oil quotes have risen in price by 24.5%. We expect the upward trend to continue. Today consider buying #WTI, #BRENT, #Exxon.
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