Oil is in uncertainty. Data on oil reserves in the USA

Oil prices continue trading in the red zone, after the publication of data on oil reserves in the United States. According to data from the EIA, US oil inventories fell by -4.167 million barrels over the past week, compared with a rise of 1.643 million barrels in the previous period. In turn, Cushing’s oil reserves increased by 3.666 million barrels, exceeding the previous growth of 1.804 million barrels.

• At the moment, WTI crude oil is traded at $ 62.51, losing about -1.57% in price.

• Brent crude oil is traded at around $ 67.25, losing about -1.28% in price.

Alexander Sivtsov