Oil (current news)
Oil prices continue to move in a narrow range under the influence of mixed factors. The main support for oil quotes is provided by a healthy global demand. Organization of the oil exporters – countries on Wednesday said that in 2018 it is expected the growth of oil consumption by 1.62 million barrels . In turn, the growth in oil prices is constrained by the increase in oil production in the US, which last week reached 10.38 million barrels per day, which is 23% higher than the value of the middle of 2016.
- At the moment, WTI crude oil is trading at $ 61.05, adding about + 0.15% to the price.
- Brent crude oil is trading around $ 64.88, losing about -0.02% in price.
Also look Technical Analysis of Oil
Alexander Sivtsov