Oil (current news)
Oil prices remain positive amid the continuing tense situation in the Middle East, as well as the reduction in oil reserves in the United States. Iran is accused of supplying weapons to the hussites, thereby fueling the situation in Yemen, which aggravates relations between Iran and Saudi Arabia, and threatens with new sanctions from the US. Also, support for oil prices is provided by an unexpected drop in oil reserves in the US. According to the API, oil reserves fell by -2.739 million barrels, while analysts had expected growth of 3,200 million barrels.
- At the moment, WTI crude oil is traded at $ 63.59, adding about + 0.08% to the price.
- Brent crude oil is traded at around $ 67.48, adding about + 0.09% to the price.
Also, see Technical Analysis of Oil
Alexander Sivtsov