of this spectrum, traders and analysts are bullish when the common seasonality expectations are confirmed. Crude oil producers (oil companies terminal operators, crude oil storers (except refineries). When expectations are denied to be true it causes uncertainty and bears can be found shorting the market. By m - Mar 21, 2019, by Barani Krishnan m - Hedge funds in oil, which provide much of the market's daily liquidity, seem to be at a crossroads. Crude Hits 60 After Huge Surprise Stockpile Draw. Currently, USD/CAD is trading.3321, down.03 on the day.
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EIA includes this report into Weekly Petroleum Status Report (wpsr) along with other information on supplies, stocks and prices for crude oil and principal petroleum products. Since commodity prices are solely changed by the factors of supply and demand, these announcements are able to shift prices in a volatile move for a short duration of the trading session.
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