Oil (current news)
Oil prices remain positive at the beginning of the European session. Support for oil quotations is provided by some decrease in raw materials in the US, the actions of the OPEC + pact and the weak position of the US currency on the market.
According to yesterday’s data from the EIA, oil reserves fell by -1.071 million over the past week against a decline of -6.861 million barrels in the previous period.
Oil reserves in Cushing fell by 3.15 million barrels, against the previous decline of -4.184 million barrels.
- At the moment, WTI crude oil is traded at $ 66.27, adding about + 1.01% to the price.
- Brent crude oil is traded at around $ 71.03, adding about + 0.71% to the price.
Also, see Technical Analysis of Oil
Alexander Sivtsov