Oil is under pressure. Data on oil and petroleum products in the USA
Oil prices continue trading under pressure amid rising stocks of oil and petroleum products in the US.
- According to published data, oil reserves in the US rose by 2.17 million barrels over the past week, against the decline in the previous period by -1.071 million barrels.
- Gasoline stocks increased by 0.84 million barrels against the decline in the previous period at -2.968 million barrels.
At the moment, WTI crude oil is traded at $ 67.46, losing about -0.35% in price.
Brent crude oil is traded at around $ 73.42, losing about-0.60% in price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov