Oil (current news)

Oil prices continue to move in the narrow range after the decline the day before. The main pressure on oil quotes was provided by the growth of US oil reserves. According to the API, oil reserves over the past week increased by 1,099 million barrels, compared to a decrease of -1.047 million barrels in the prior period.

In turn, the main support to the oil market is provided by the operation of the OPEC + pact, which may be extended to 2019. Today, market participants will expect EIA data on oil products in the United States, the growth of which will put additional pressure on the oil market.

At the moment, the WTI brand is traded at $ 67.71, adding about + 0.01% to the price.

Brent crude is traded in the region of $ 73.91, adding about 0.07% to the price.

See, also Technical Analysis of Oil.

Alexander Sivtsov