Oil today: oil is in anticipation of EIA data
On Wednesday trading, oil quotations are trading variably after the growth at the beginning of the day on data on the reduction of crude oil reserves in the US, according to the API. Thus, the report of the API showed a reduction of crude oil reserves over the past week by 5 million barrels, but the dynamics of gas reserves is positive. Now, the market is focused on the EIA report, which will be released today and from which a slight decrease in crude oil reserves is expected.
Recommended for reading: Technical analysis.
- The nearest resistance levels: for WTI – 58.00 and $ 58.60 per barrel, for Brent – 63.40 and $ 65.50 per barrel.
- Support levels are: for WTI – 57.30 and $ 56.90 per barrel, for Brent – 63.30 and $ 62.40 per barrel.
WTI chart. Current Price – $ 57.70
Brent chart. Current Price – $ 63.80
Hansenko Anton