DislikedHey Jeol,
Whenever the Crude Oil Inventory report comes out.
IF Actual > Expected = Oil goes up.
IF Actual < Expected = Oil goes down.
What happened yesterday was that Actual figure was higher then Expected and then oil went up
.Ignored
Combine that with the USD weakening thanks to the promise of no more rate increases for some time (which will lead to a repricing upwards of futures contracts), and you have a whole bunch of words and numbers fighting each other that explain why people should stick to charts
When you have to shoot, shoot. Dont talk.