Oil (current news)

Oil prices keep rising dynamics at the beginning of the European session amid a decline in the production of raw materials in Libya and a decline in crude oil reserves in the United States. In connection with the explosion of the pipeline in Libya, the volume of oil shipment in the port of Es-Sidr remains 50% below maximum capacity. Yesterday, the American Petroleum Institute reported a 6,000 million barrel drop in the US crude stocks, exceeding the decline in the previous period at -5.222 million barrels. In today’s trading, rising oil prices are quite restrained in anticipation of government data on oil and petroleum products in the US.

• At the moment, WTI crude oil is trading at $ 59.81, adding about + 0.29% to the price.
• Brent crude oil is trading at around $ 66.22, adding about + 0.35% to the price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov