Reduce U.S. Oil Reserves

Learn Forex Commodity : The continued momentum of the U.S. economic recovery seems to successfully increase the demand for energy products, especially oil. It can be seen from U.S. oil reserves decreased by 1.3 million barrels; This is the first decline in nine weeks. The decline of oil reserves is lower than the predicted rise of 1.8 million barrels and previous publications that showed the addition of 2.6 million barrels of reserves.

Oil prices still maintain the momentum of gains after the data was released. Nymex oil is now trading $ 93.00, not far from the high level daily $ 93.48