Reserves of oil in the US are reduced

According to the EIA, crude oil inventories in the US fell by 2.197 million barrels per week. At the same time, the reserves of gasoline and distillates showed reduction, at 2.174M and 3.791M, respectively.

This statistic against the background of general optimism on the oil market accelerated the growth of oil prices and opened the way for buyers to new highs. The nearest resistance levels (signals to sell oil): for WTI – 71.00 and 71.50 $ per barrel, for Brent -77.00 and 78.00 $ per barrel.

Hanzenko Anton