Oil (current news)
Oil prices remain stable at the beginning of the European session. Yesterday, both brands of oil added to the price on the “bullish” statements of the Crown Prince of Saudi Arabia, Mohammed bin Salman.
Prince said that he would support the extension of the global pact to reduce production for the sake of stabilizing the oil market. Also, the prince stressed that OPEC should continue to stabilize the situation on the market. At the moment, the curbing factor for the further rise in oil prices is the expectation of data on drilling activity in the US, as well as the seasonal decline in oil demand.
- At the moment, WTI oil is trading at $ 52.55, losing about -0.17% in price.
- Brent crude oil traded around $ 59.23, losing about -0.12% in price.
See Technical Analysis of oil.
Alexander Sivtsov