Oil (current news)
Oil prices move near zero marks, while maintaining the upside potential. Support for oil quotations is exceeded by the forecast of a decline in oil reserves in the US.
- According to API data, oil reserves fell by -5.121 million barrels, while analysts expected a decline of -3.600 million barrels.
Today, market participants will expect government data on oil and petroleum products in the US. The reduction of products will provide further support to the oil market.
- At the moment, WTI crude oil is traded at $ 64.06, adding about + 0.14% to the price.
- Brent crude oil is traded around $ 69.36, losing about -0.03% in price.
Also, see Technical Analysis of Oil
Alexander Sivtsov