Oil (current news)
Oil prices move in a narrow range below the zero mark in the course of trading on Friday. The main pressure on oil quotes is provided by the increase in the extraction of raw materials in the US, as well as the beginning of the operation of the oil pipeline Forties, which should fully resume its work in early January. Also, the restrained dynamics of oil prices is connected with the expectation of data on drilling activity in the US, as well as due to the correction of positions before the long holidays in the US and Europe.
- At the moment, WTI crude oil is trading at $ 58.12, losing about -0.41% in price.
- Brent crude oil is trading at around $ 64.70, losing about -0.31% in price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov