Oil is in uncertainty

Both brands of oil continue to trade in a narrow range based on the mixed data on crude oil and petroleum products in the US.

According to published data, oil reserves fell by -5.731 million barrels, exceeding the previous decline of -2.747 million barrels.
Weekly stocks of distillates according to EIA grew by 0.528 million barrels against the decline in the previous period at -1.480 million barrels.
Gasoline stocks increased by 0.908 million barrels, which is lower than the previous growth of 2.490 million barrels.

In general, the statistics data are quite positive, based on which one should expect the continued positive dynamics of oil prices.

At the moment, WTI crude oil is trading at $ 51.97, adding about + 0.17% to the price.
Brent crude oil is trading around $ 58.09, adding about + 0.36% to the price.

Alexander Sivtsov

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