Oil (current news)
Oil prices remain positive at the beginning of the European session. Oil quotations are supported by a decline in oil reserves in the US. According to yesterday’s data by the API, oil reserves fell by -5.087 million barrels, against the growth in the previous period at the level of 0.591 million barrels. Also, the oil quotations are supported by the resolute spirit of Saudi Arabia and Russia to extend the OPEC + pact until the end of 2018.
- At the moment, WTI crude oil is trading at $ 54.86, adding about + 0.88% to the price.
- Brent crude oil is trading around $ 61.34, adding about + 0.65% to the price.
Alexander Sivtsov