Oil (current news)

Oil prices are traded under pressure at the beginning of the European session. The main pressure on oil quotes is provided by the growth of drilling activity in the US, as well as the positive dynamics of the US currency in the course of trading. According to data from Baker Hughes, the number of drilling rigs in the United States has grown by 12 units over the past week and amounts to 759 units. In turn, the OPEC + pact provides the support.

• At the moment, WTI crude oil is traded at $ 66.12, losing about -0.03% in price.
• Brent crude oil is traded at around $ 69.92, losing about -0.33% in price.

Also, see Technical Analysis of Oil

Alexander Sivtsov