Нафта наразі
Oil prices are traded under pressure at the beginning of the European session. Basically, the decline in oil prices is due to technical factors and the strengthening of the US currency. Also, pressure on oil quotations is provided by concerns about the growth of oil production in the US, while market participants are already waiting for the next data on oil reserves in the United States.
The main support for the oil market is provided by the decline in oil production within the OPEC + pact. In December, the fulfillment of the deal by OPEC members was 128%, but it should be noted that this figure was achieved due to a significant decline in oil production in Venezuela. The economic crisis in Venezuela has a negative impact on the oil industry through a reduction in investment. Only in December, oil production fell by 216 thousand barrels per day, and for the year the reduction was 649 thousand barrels per day or 29% of the total production.
- At the moment, WTI crude oil is traded at $ 64.86, losing about -1.07% in price.
- Brent crude oil is traded at around $ 68.64, losing about -0.81% in price.
Also, see Technical Analysis of Oil
Alexander Sivtsov