While Crude Oil is on a 3 day bullish trend, Today's session might suggest a slow down — WTI crude oil trades at $80.56 per barrel, after ending yesterday at $80.55.
United States Core PCE Price Index (MoM) (Oct) is next today at 13:30 UTC.
Uncertainty around US crude oil is reflected by published market data as following a previous reading of -3.69 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the -2.76 million figure expected by analysts with an actual reading of -12.58 million. United States Pending Home Sales beat analyst expectations of -5% and the previous reading of -8.7% with new data of -4.6%. United States JOLTs Job Openings (Oct) released yesterday at 15:00 UTC with a figure of 10.33 million, while the previous figure was 10.69 million.
Meanwhile, mixed performances are seen in other Energy as Heating Oil moves 0.58% to trade around $3.38. Natural Gas moves 0.53% to trade around $6.97.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core PCE Price Index (MoM) (Oct) is scheduled for today at 13:30 UTC. Tomorrow at 13:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 200,000 from the preceding figure of 261,000. United States Initial Jobless Claims is projected to outperform its last figure with 235,000. It previously stood at 240,000; data will be released today at 13:30 UTC.
US crude oil has shed 31.47% over the past six months.