Oil (current news)
Oil prices are below zero marks at the beginning of the European session. The pressure on oil is exacerbated by the growth in еру US stocks of raw materials.
- According to the API, oil reserves in the US increased by 3.222 million barrels over the past week, which exceeded the forecast of analysts at 1.500 million barrels.
The market is still affected by the decline in raw materials production within the OPEC + pact, which expires at the end of 2018.
- At the moment, WTI oil is traded at $ 64,116, losing about -0.60% in price.
- Brent crude oil is traded at around $ 68.12, losing about -0.58% in price.
Also, see Technical Analysis of Oil
Alexander Sivtsov