Oil (current news)

Oil prices remain in positive territory at the beginning of the European session, due to the reduction of the US stocks of raw materials. According to the EIA, oil reserves fell by -4.167 million barrels over the past week, against the growth of 1.643 million barrels in the previous period. In turn, the market still has fears about the trade war between the US and China, which restrains the further recovery of oil prices.

• At the moment, WTI crude oil is traded at $ 63.53, adding about + 0.25% in price.

• Brent crude oil is traded at around $ 68.25, losing about + 0.34% in price.

Alexander Sivtsov