Crude Oil Inventories data

Is Crude Oil Inventories (upcoming 1530GMT) a potential market mover?

its already priced in,...we have missed the main push yesterday...i couldnt sleep cause of that,...but it will make a push in either direction,...i just hope it will be negative,...so i could sleep today

Tell me about bad sleeping...

u will laugh...when it was 61.66 i was watching to get even better long price,...it went to 61.55,...and imediatly gone back to 61.70,...ok,...i missed one
it went back to 61.62,...i got an order inside to buy at 61.58,...didnt go so down..it went to 61.88,...ok...i missed one more try 61.72,....ofcourse it didnt go down...it broke 62 and it went to 62.30....ok..i said it ll bought it only if it go under 62.00 and so i place another one,..naturaly it did go to 62.05-10 before next push,...after that push,...when it broke 62.33 on 30 min.chart,..i place ofcourse a virtual order at 62.37 long (like a fibo traders do) but i didnt enter such positions never so far, and i was to emotional to enter it in a real trade,...so it go way ahead to 62.80 tinesss....then i decided to go on a beer ...to get just a little away from this craziness...when i came back it was at 63, and something...thats 1500 usd missed,....how could i sleep?!
tell me... i will listen....i know there are 1 bilions of oportunity, but i was emontially prepared for this one,...and have a fight with my girlfriend,...which made a dinner right when it was in level 61.55-61.66,..i was eating my dinner,...i know thats not her fold,...its totaly mind,...but it was a nice dinner worth 1500 usd....crazy... i slept 3 hours....

Can someone explain the oil reserve fundamental for me? When the news comes out at 10 a.m. (est) and shows us the number of barrels in reserve how should we interpret that? What does less or more barrells in reserve mean as far bullishness or bearishness is concerned?

One important fact about this report is that you can't concentrate on the main number which is crude barrels difference. The report also includes gasoline stocks, distillates and % utilization. I have seen before were the main number was godd for the USD say it comes in at 5 million barrels but the gasoline stock and distillates are low and this hurts the USD and helps the CAD. Look at today's data for example:

[US DOE WEEKLY PETROLEUM INVENTORY DATA] show a 8.12 mln barrel drop in crude inventories (or 2.13 mln in the API data), vs expectations centered on a 1-2 mln drop. Distillate stocks were up 500k barrels, vs expectations of 0.2-0.5 mln rise. Gasoline holdings rose 3 mln barrels, vs expectations of a 0.5-0.7 mln barrel rise. The operating rate stood at 90.9%, vs expectations of a rate just over 91%. March crude oil is trading at $61.95 per barrel vs around $61.65 just ahead of the data.

Hello...
I have some questions about the crude oil...
Why the crude oil is diminishing its price so much?
and why you think will happen tomorrow when the people of the inventories give news about if they will raise the inventory or lower it?

Thank you guys!!!

Hi!

Take a look at the charts for us crude and you`ll see that the consensus for the world economy in the near future has fallen.

The oil inventories are no longer the strong indicator for price, like they used to be. This likely to be influenced by the increase in raffinery capasity and the buildup of gas storages.

I guess we`ll have a price drop if the storages increase, and a little bit of rise if inventories are falling, - then a continuation of the downtrend.

My 2 cents. I`m short from 65$.

where did you trade and what's min position?

fxcm does it for 500 barrel min.
delta does it for starting 1 barrel...

I trade Commodity CFDs from Saxo Bank. I`m not sure but I think minimum orders are 10 000 USD...