Oil (current news)
Oil prices moves in a narrow range below the zero mark. The main pressure on oil quotations is caused by the increase in the reserves of crude oil in the US. According to yesterday’s data by API, over the past week, oil reserves in the US increased by 6.513 million barrels, while analysts had expected a decline of -2.200 million barrels. Today, market participants will expect government data on oil and petroleum products in the US, to the publication of which it is possible to continue consolidation of oil prices.
- At the moment, WTI crude oil is trading at $ 55.14, losing about -1.01% in price.
- Brent crude oil is trading around $ 61.59, losing about -1.00% in price.
See Technical Analysis of Oil.
Alexander Sivtsov