IA reports smaller-than-expected increase in US crude oil stocks.
Commercial crude oil inventories in the United States increased by 4.6 million barrels in the week ending May 1st, the Energy Information Administration (EIA) announced in its Weekly Petroleum Status Report on Wednesday. This reading came in lower than the market expectation for an increase of 7.7 million barrels.
This is positive for US Stocks.
From here, consider buying AUDUSD.
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