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66% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
70.91% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.
US Session Analysis for CFD Instruments 08/11/2023
Fundamental analysis
08 November, 2023
Crude oil is trading at around 76.66.
Crude oil futures traded lower on Wednesday morning as industry data showed a massive increase in crude oil inventories in the US.
According to the American Petroleum Institute’s (API) data, crude oil inventories in the US increased by 11 million barrels for the week ending November 3, even as the market was expecting a decline to the tune of around 0.3 million barrels. The increase in the inventories indicates a decline in demand for the commodity in the US market.
The weekly petroleum status report by the US Energy Information Administration (EIA) — the official source of data on crude oil inventories — will not be released on November 8. EIA had said in a recent media statement that it would delay the data release to complete a planned systems upgrade.
