Oil is in uncertainty

Oil prices were in uncertainty after the publication of mixed data on oil and oil products in the United States. According to the published data, oil reserves in the US declined over the past week by 1.855 million barrel, against the growth in the previous period at 1.854 million barrels. Weekly stocks of distillates according to EIA grew by 0.269 million barrels, while analysts had expected decrease at the level of -1.164 million barrels. Gasoline stocks rose by 0.044 million barrels, against the decline in the previous period at the level of 0.894 million barrels.

• At the moment, WTI crude oil is trading at $ 57.42, adding about + 1.03% of the price.
• Brent crude oil is trading at around $ 62.70, adding about 0.20% to the price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov