Oil (current news)
Oil prices slowed their growth in the course of trading on Wednesday after significant growth the day before. The growth of oil quotations was promoted by the report on the explosion of the oil pipeline in Libya, As a result, the supply of raw materials to the export terminal of Es-Sidr was reduced by 90 thousand barrels per day.
In turn, the restraining factor of the further rise in oil prices is the expectation of the resumption of the operation of the Forties pipeline, which already at the beginning of the year can work at full capacity.
- At the moment, WTI crude oil is trading at $ 59.87, losing about -0.17% in price.
- Brent crude oil is trading at around $ 66.30, losing about -0.24% in price.
Also, see Technical Analysis of Oil
Alexander Sivtsov