Oil (current news)
Oil prices keep rising dynamics in the course of Thursday trading based on signals about the reduction of oil reserves in the US. According to the API, oil reserves in the US fell by 4.992 million barrels over the past week, which is lower than the previous reduction of -6,000 million barrels. This is the seventh decline in oil reserves in a row.
Today, the market will expect government data on oil and petroleum products in the US, the reduction of which will provide additional support for oil quotations.
- At the moment, WTI crude oil is traded at $ 62.12, adding about + 0.80% to the price.
- Brent crude oil is traded at around $ 68.19, adding about + 0.52% to the price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov