Oil (current news)
Oil prices move in the green zone during the European session. The OPEC + pact supports the oil market. According to calculations by Reuters, the implementation of the pact in January amounted to 138%, compared to 137% in December. Also, according to the forecast of Goldman Sachs analysts, the oil deficit in the world market in 2018 will be 200 thousand barrels per day. Additional support for oil quotations is also provided by the weak position of the US dollar on the world market.
- At the moment, WTI crude oil is traded at $ 66.11, adding about + 0.47% to the price.
- Brent crude oil is traded at around $ 69.84, adding about + 0.27% to the price.
Also, see Technical Analysis of Oil
Alexander Sivtsov