Oil (current news)
Oil prices continue to move in a narrow range, after a significant strengthening on Monday. The growth in the price of oil on Monday was caused by the aggravation of political uncertainty in the Middle East, after the crown prince of Saudi Arabia began anti-corruption cleansing in power.
The actions of Muhammad ibn Salam led to a wave of arrests of local elites, including members of the royal family, investors and ministers. This led to an increase in political risks in the region. Today, the market expects data on crude oil reserves in the US by the API, in anticipation of which possible correction of oil prices.
- At the moment, WTI crude oil is trading at $ 57.38, adding about + 0.05% to the price.
- Brent crude oil is trading around $ 64.44, adding about + 0.25% to the price.
See Technical Analysis of Oil.
Alexander Sivtsov