Don’t miss the opportunity to make a profit, check the USOil trend now>>
The U.S. dollar weakened on expectations that the U.S. Federal Reserve would slow the pace of interest rate hikes. Meanwhile, U.S. API data earlier that showed a drop in crude inventories last week, coupled with the prospect of OPEC+ production cuts, as well as escalating geopolitical tensions between Russia and Ukraine, oil prices soars. Pay attention to today’s EIA crude oil inventory data and the results of the OPEC+ meeting. If OPEC+ does cut production and EIA shows a further decline, oil prices may continue its bullish trend.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
–OPEC+ meeting
10/5
-20:15 US ADP Employment (Sept)
-21:45 US Markit Service PMI final value (Sept)
-22:00 US ISM Non-Manufacturing PMI (Sept)
-22:30 US EIA Crude Oil Inventories for the week ending 9/30
10/6
-20:30 US Unemployment Claims for the week ending 10/1
10/7
-20:30 US Unemployment Rate (Sept)
-20:30 US Non-Farm Payroll (Sept)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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