MGBRoadster
Member
- Messages
- 91
- Likes
- 0
Yesterday ForexFactory had a forecast for the EIA inventories data of 1.4 million barrels more than last week. DailyFX had +1.7 m. The actual figure was +6.2 million barrels.
If there is more oil in inventory than there was last week, and there is more oil than had been forecast I would expect the price of Crude to go down, but the price increased by about two dollars.
This happens quite frequently.
I'm missing something here 😕 Can someone let me know what it is?
Thanks,
Chris
If there is more oil in inventory than there was last week, and there is more oil than had been forecast I would expect the price of Crude to go down, but the price increased by about two dollars.
This happens quite frequently.
I'm missing something here 😕 Can someone let me know what it is?
Thanks,
Chris
