Oil (current news)
Oil prices move in a narrow range during the trading on Wednesday. The main drivers of the oil market are the resumption of the operation of the Forties pipeline, as well as the restoration of oil supplies in Libya, which puts pressure on oil quotations. In turn, political instability in Iran renders support to oil quotations and that is why the fears of interruptions in the supply of raw materials from the region are soaring in the market.
- At the moment, WTI crude oil is trading at $ 60.39, adding about + 0.03% to the price.
- Brent crude oil is trading around $ 66.55, losing about -0.03% in price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov