Week Ahead for OilTue, API Crude Oil Stock which last was -5.83Mil then Wed the US releases a list of Data starting at 8:30am Durable Goods Orders, at 10am New Home Sales, then 10:30 EIA Oil Stock which came in at -5.4Mil so any higher number towards surplus could push Oil down in these times with so much attention to demand going forward than at 2pm FOMC Minutes along with a list of other US data releases, Oil prices will definitely be on the move this week and being on the right side of the trades will be a money maker.
Economic Calendar (tradingeconomics.com) In the US, investors will be closely watching the release of FOMC meeting minutes, the University of Michigan's consumer sentiment, durable goods orders, and new home sales. Also, November flash PMI figures for major developed economies including the US, Japan, Germany, France, and Australia will take centre stage. Finally, central banks in China, New Zealand, Sweden, South Korea, Turkey, Malaysia, and South Africa will be deciding on the course of monetary policy.