Oil (current news)
After trying to grow at the beginning of the day, oil again was under pressure from fears and increased oil production in the world. So, on the very optimistic opening of trading in Europe, the pressure on oil intensified, which was also caused by the data of weekly oil reserves in the US from API today and EIA tomorrow.
The oil market still remains under pressure of supply growth and concerns related to the increase in oil production in OPEC.
- At the moment, Brent crude is traded at around $ 74.30, a decline of about -1.20% in price.
- Oil brand WTI is traded at $ 65.50, a decline of about -0.30% in price.
Also, read: “The oil market. Prospects and expectations “
Dani Leviant