Oil (current news)

Oil prices continue to move in a narrow range at the beginning of the European trading, while maintaining the potential for further growth. The rise in oil prices was fascilitated by the data on oil and petroleum products in the US, which pointed to their decline during the previous week. For more details, see “Oil continues to grow. Data on oil reserves in the USA»

The main constraint remains the growth of raw materials production in the US, tomorrow data on the number of drilling rigs in the US, the growth of which could put pressure on oil quotes, will be published.

At the moment, WTI crude oil is traded at $ 68.81, adding about + 0.50% to the price.

Brent crude oil is traded at around $ 73.92, adding about + 0.60% to the price.

Alexander Sivtsov