Oil now
The main oil quotes are traded at the opening of the day level, adjusted after yesterday’s growth. The reason for the strengthening on Wednesday was the data on the slowdown in the growth of oil inventories in the United States. Despite this, the overall level of US oil production continues to remain near a record high of 11.9 million barrels per day, which boosts oil supply, despite OPEC’s efforts to limit oil production, which is aggravated by a general decline in demand. The dynamics of the main oil brands remain restrained negative, limited to side flat.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading at $ 61.80, an increase of about + 0.50% in price.
WTI crude oil trades at $ 54.30, an increase of about + 0.10% in price.
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Dani Leviant
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