Oil (current news)

At the beginning of the European session, oil prices are moving near zero marks, while market participants are assessing signals about the growth of oil production in the United States.

• Yesterday’s data on oil and petroleum products in the US indicated an increase in inventories for the first time in 11 weeks, which indicates a possible beginning of the supply growth in the market.
• Stocks of distillates and gasoline were reduced, thereby providing support to the oil market.

More: “Data on oil reserves in the United States.“

• At the moment, WTI oil is traded at $ 64.83, adding about + 0.15% to the price.
• Brent crude oil is traded at around $ 68.92, adding about + 0.04% to the price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov