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71% 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. 71% 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.
EU Session Analysis for CFD Instruments 07/01/2021
Fundamental analysis
07 January, 2021
Crude Oil prices extended gains on Thursday to hit its highest rate since February 2020 (51.250). Crude oil rose after the weekly EIA inventory report was posted. Crude Oil inventories contracted by over 8 million barrels last week. The forecast was for a contraction of roughly 2.1 million barrels. However both gasoline and distillate inventories increased more than analysts had expected. Gasoline inventories increased by over 4.5 million barrels and distillate inventories rose by nearly 6.4 million barrels. The consensus forecast for each was +1.5 million and +2.3 million barrels respectively.
