Oil (current news)
Oil prices fell below the zero mark at the beginning of the European session. The main pressure on the oil market is caused by the increase in the extraction of raw materials in the US, which can level out the effect achieved by observing the OPEC + pact.
Additional pressure is exerted by the growth of oil reserves in the US, which, according to the API, rose by 3.947 million barrels over the past week, against the decline in the previous period at -1.050 million barrels.
- At the moment, WTI crude oil is traded at $ 59.02, losing about -0.29% in price.
- Brent crude oil is traded at around $ 62.66, losing about -0.10% in price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov