Oil (current news)
Oil prices are traded under pressure at the beginning of the European session. This decline in oil prices is associated with the strengthening of the US dollar across the entire spectrum of the market, as well as due to the negative dynamics of stock exchanges, which reduces the appetite of investors for risky assets, including oil.
Today, market participants will expect data on crude oil reserves in the US from the API. In case of their growth, oil will be under additional pressure.
- At the moment, WTI oil is traded at $ 63.80, losing about -0.55% in price.
- Brent crude oil is traded at around $ 67.25, losing about -0.55 in price.
Also, see Technical Analysis of Oil.
Alexander Sivtsov