Brent Crude Oil has been losing ground for 3 days, shedding a total of 3.49% of its value. Today is looking a bit better: Brent crude trades at $95.13 per barrel, after ending yesterday at $95.36.
United States Crude Oil Inventories is next today at 15:30 UTC.
Brent crude oil’s state is reflected by market data as United States API Weekly Crude Oil Stock released yesterday at 21:30 UTC with a figure of 5.62 million, while the previous figure was -6.53 million. United States 3-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.605, while the previous figure was 4.318.
Meanwhile, mixed performances are seen in other Energy as having closed the previous session at $6.14, Natural Gas is up 1.53% today to currently trade at around $6.23. Crude Oil trades close to $89.12, with no major change.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with 1.36 million, having previously been at -3.12 million. The figure will be published today at 15:30 UTC. United States Consumer Price Index figure is projected at 0.6%. It previously stood at 0.4%; data will be released tomorrow at 13:30 UTC. United States Core Consumer Prices is expected tomorrow at 13:30 UTC.
Approximately 8 months ago, ICE Brent crude reached a significant high of $129.12 but has struggled to hold onto its gains and declined 26.15% since then.