DailyFX: analysts see US oil inventories drop more than one million barrels
MOSCOW, July 7 – RIA Novosti. In the week ended July 1, commercial oil reserves in the US (excluding strategic reserve) decreased by 1.1 million barrels to 414.5 million barrels, according to analysts polled by the DailyFX portal.
Relevant data will be published in the weekly review of the energy information department of the country’s energy ministry on Thursday, July 7, at 6 pm Moscow time.
The German Ministry of Economy and Technology will release data on industrial production in the country at 9:00 Moscow time. Analysts believe the indicator rose 0.4% in May compared to April.
At 15:30 Moscow time, the US Department of Commerce’s Bureau of Economic Analysis will report data on the state of the trade balance in the country. According to experts, the trade deficit fell to $84.9 billion in May, from $87.1 billion in April.
At the same time, the US Department of Labor will release data on the number of first applications for unemployment benefits for the week through July 2. Analysts suggest that the figure drops to a thousand – 230 thousand applications.
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