Oil (current news)
Oil prices decline in the course of trading on Thursday. In general, this decline is due to the partial profit-taking by investors after the renewal of the year’s highs this week. Also, some uncertainty was added by the yesterday’s mixed data on oil and petroleum products in the US. Read more …
The decisive spirit of OPEC and other countries outside the cartel that want to extend the pact on the decrease of production until the end of 2018. And this is the main support for oil quotations.
- At the moment, WTI crude oil is trading at $ 54.13, losing about -0.31% in price.
- Brent crude oil is trading around $ 60.28, losing about -0.34% in price.
Alexander Sivtsov