Oil now
On Wednesday, oil quotations remain under pressure after the API data on the growth of oil inventories in the US. Also, the pressure on oil is from the strong American currency, which has grown significantly in recent years. The main negative factor for oil quotes is statistics, indicating an increase in supply in the oil market.
The oil market also today expects data on oil inventories in the US from the EIA. After previously published data on the increase in inventories, any increase in production will be seen as a negative signal for the oil market.
Look Technical Analysis of Oil.
At the moment, Brent crude oil is trading around $ 71.80, a decline of about -0.40% in price.
Oil brand WTI is trading at $ 66.80, a decline of about-0.60% in price.
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Dani Levitan
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