Oil today: oil quotations are under the pressure of API data
At trades on Wednesday, oil is trading with a slight decrease, limited to the expectation of the publication of the report on oil stocks in the US by EIA, which will be released today. So, yesterday at the end of the day, data on oil reserves by API came out, which, despite a noticeable reduction in crude oil by 5.5 million barrels, showed a huge increase in gasoline reserves – 9.2 million barrels. As a result, concerns about the increase in oil reserves and the growth of drilling activity in the US persist, thereby negatively affecting the dynamics of oil prices.
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- The nearest resistance levels: for WTI – 57.60 and 58.00 $ per barrel, for Brent – 63.00 and 63.50 $ per barrel.
- Support levels: for WTI – 57.00 and 56.50 $ per barrel, for Brent – 62.00 and 61.50 $ per barrel.
The WTI chart, current price – $ 57.20.
The Brent chart, current price – 62.40 $.
Ganzenko Anton