Oil (current news)
Oil prices remain positive at the beginning of the European session. The main support for oil quotes is the decrease in the volume of exports from Kurdistan, as well as a reduction in the number of drilling rigs in the United States. The volume of export from Kurdistan to date is about 216,000 barrels per day out of a possible 600,000, which was caused by a conflict between the central government of Iraq and Kurdistan. Kurdistan wants complete independence from Baghdad. Also, according to Baker Hughes, the number of drilling rigs in the United States declined by 7 units in the past week and amounted to 743 units.
- At the moment, WTI crude oil is trading at $ 52.16, adding about + 0.62% to the price.
- Brent crude oil is trading around $ 57.88, adding about + 0.23% to the price.
See Technical analysis of oil https://esterholdings.com/en/2017/10/23/oil-technical-analysis-alexander-sivtsov-140/#more-50421
Alexander Sivtsov