Oil (current news)

Oil prices are traded in a narrow range above the zero mark at the beginning of the European session. In general, the rise in oil prices was caused by the positive dynamics of the US and Asian stock exchanges, which increases the demand for risky assets. The restraining factor for the further growth of oil quotes is the increase in the volume of raw materials production in the United States. According to data from Baker Hughes, the number of drilling rigs has increased by 21 units and is 791 units, which is the maximum value since April 2015.

• At the moment, WTI crude oil is traded at $ 60.01, adding about + 1.37% to the price.
• Brent crude oil is traded at around $ 63.51, adding about + 1.15% to the price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov