Ukraine’s Hopes Of Joining NATO Dashed, USOIL Might Sway With Bears
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Because some major EU member states oppose the ban on importing Russian crude oil, and Ukrainian President, Volodymyr Zelensky said that NATO actually does not want to conflict with Russia, and Ukraine has no hope of joining NATO, so he is ready to discuss not seeking a commitment to join NATO in exchange for Russia’s withdrawal to keep Ukraine safe. However, the United States is expected to announce a new round of sanctions against Russia, and API data shows that crude oil inventories have decreased, market concerns over crude oil supply persists, so oil prices may fluctuate and fall. Attention at the NATO Summit in this week, which will discuss the Russia-Ukraine conflict.
The trend of USOil can be paid attention to…
22:30 U.S. EIA Crude Oil Inventories for the week ending 3/18
20:30 U.S. Unemployment Claims for the week ending 3/19
20:30 U.S. Core Durable Goods Orders (MoM) (FEB)
22:00 University of Michigan Consumer Confidence Index (Final) (MAR)
Speeches by several Fed officials
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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