What is it? It checks the change in the number of barrels of crude oil held in inventory by commercial firms during the past week.
It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.
Usual Effect: If the number is higher than the forecast, you can expect the USD to rise.
When? October 29th at 10:30am Eastern Time.
Trading Tip: This announcement can greatly affect the USD, make sure to make your trades before.
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