Oil (current news)
Oil prices remain positive at the beginning of the European session. The main support for oil quotations is provided by the expectation of the extension of the OPEC + pact until the end of 2018. A decision on the extension can be taken at the OPEC summit in Vienna on November 30.
It should be noted that WTI oil is marked by a more significant growth than Brent. The WTI brand is limited by the supply of oil from Canada to the US, due to the closure of the Keystone pipeline because of the leakage.
- At the moment, WTI crude oil is trading at $ 58.64, adding about + 1.07% to the price.
- Brent crude oil is trading at $ 63.69, adding about + 0.22% to the price.
Alexander Sivtsov