Oil (current news)
Oil prices keep growing at the beginning of the European session. Yesterday’s data on oil and petroleum products in the United States provide the main support to oil quotations. According to published data, oil reserves fell by -4.609 million barrels, which is lower than the previous value of -6.495 million barrels, however, stocks are declining, supporting the oil market. Gasoline stocks increased by 0.591 million barrels over the past week, while analysts had expected growth of 3.434 million barrels.
- At the moment, WTI crude oil is trading at $ 60.19, adding about + 0.58% to the price.
- Brent crude oil is trading at around $ 66.48, adding about + 0.48% to the price.
Also, see Technical Analysis of Oil
Alexander Sivtsov