Market news
EIA’s report reveals unexpected decline in U.S. crude oil inventories
The U.S. Energy Information Administration (EIA) revealed that crude inventories tumbled by 9.589 million barrels in the week ended March 15. Economists had forecast an increase of 1.750 million barrels.
At the same time, gasoline stocks fell by 4.587 million barrels, while analysts had expected a drop of 2.500 million barrels. Distillate stocks declined by 4.127 million barrels, while analysts had forecast a decrease of 1.500 million barrels.
Meanwhile, oil production in the U.S. increased by 100,000 barrels a day to 12.100 million barrels a day.
U.S. crude oil imports averaged 6.9 million barrels per day last week, up by 186,000 barrels per day from the previous week.
German Foreign Minister Maas: There will be a decision tomorrow on Brexit extension – Reuters
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Market focus
- Fed's Powell signals resumption of balance sheet growth
- European Commission spokesman: EU position has not changed, we want a deal with UK
- Canada’s building permits unexpectedly surge in August
- Producer prices in the U.S. unexpectedly decreased in September
Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.
| Session | Financial Centres | UTC/GMT OpenClose |
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| Pacific | Wellington | 19:00 | 04:00 | 22:00 | 07:00 | 22:00 | 07:00 |
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| Pacific | Sydney | 21:00 | 06:00 | 00:00 | 09:00 | 00:00 | 09:00 |
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| Asian | Tokyo | 23:00 | 08:00 | 02:00 | 11:00 | 02:00 | 11:00 |
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| Asian | Hong Kong, Singapore | 00:00 | 09:00 | 03:00 | 12:00 | 03:00 | 12:00 |
| Session | Financial Centres | UTC/GMT OpenClose |
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| European | 06:00 | 15:00 | 09:00 | 18:00 | 9:00 | 18:00 | |
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| European | London | 07:00 | 16:00 | 10:00 | 19:00 | 10:00 | 19:00 |
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| American | New York | 12:00 | 21:00 | 15:00 | 00:00 | 15:00 | 00:00 |
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| American | Chicago | 13:00 | 22:00 | 16:00 | 01:00 | 16:00 | 01:00 |