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The US crude oil inventories is a closely-watched number as it suggests the pick-up or slow-down in the US economic activity. Also, because Canada is a big exporter of oil products to the United States, it creates volatility on both USD and CAD pairs when missing the forecast.
Yesterday it missed the forecast. U.S. crude oil inventories rose by 5.7 million barrels on expectations of a decline of -3.2 million barrels. In other words, the…
The post US Crude Oil Inventories Increase Unexpectedly appeared first on Vantage Point Trading.
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