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. Additional support for oil quotes is provided by a reduction in the number of drilling rigs in the United States. According to Friday’s data by Baker Hughes, the number of drilling rigs fell by 8 units to 729 units.
- At the moment, WTI crude oil is trading at $ 56.01, adding about + 0.66% to the price.
- Brent crude oil is trading around $ 62.49, adding about + 0.68% to the price.
Alexander Sivtsov