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Focusing On US CPI & EIA Data, USOIL Bear Trend May Continue
Don’t miss the opportunity to make a profit, check the USOil trend now>>
This morning, oil prices fell as low as $93.72 a barrel, as the three-month low. API data showed that U.S. crude oil inventories increased last week, coupled with OPEC’s forecast that oil demand growth will slow in 2023, the dollar continues to strengthen, and market recession fears intensified, all dragging down oil prices. Focusing on the US CPI and EIA data released today, oil prices may fall further.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
7/13
-20:30 US CPI (MoM) (YoY) (June)
-22:30 US EIA Crude Oil Inventories for the week ending 7/8
7/14
-02:00 The Federal Reserve releases the Beige Book on the state of the economy
-17:00 European Commission announces summer economic forecast report
-20:30 US Unemployment Claims for the week ending 7/9
-20:30 US PPI (MoM) (YoY) (June)
7/15
-20:30 US Retail Sales Index (MoM) (June)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
Daily Focus allows you to understand the USOil market, increase profit opportunities, and immediately seize the opportunity>>>
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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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