Oil (current news)

Oil prices are moving near zero marks in the course of Thursday trading, after strengthening positions on the eve.

On Wednesday, oil prices were supported by a drop in oil reserves in the US over the past week, which fell by -6.495 million barrels, exceeding the previous decline of -5.117 million barrels.

At the same time, the Energy Ministry reported that the production of raw materials in the US grows and reached 9.79 million barrels last week, which hinders further growth in oil prices.

• At the moment, WTI crude oil is trading at $ 58.11, adding about + 0.03% to the price.
• Brent crude oil is trading at around $ 64.53, losing about -0.05% in price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov