Oil (current news)

Oil prices fell to zero in the beginning of the European session. This dynamics of oil prices is associated with a partial profit-taking by investors, after the growth of oil quotations on the eve. In the course of trading on Monday, the oil market was supported by statements of the oil ministers of OPEC countries and other important CERAWeek players at the conference. OPEC Secretary General Mohammed Barkindo called the agreement OPEC + unbreakable. It was also noted that OPEC countries will more closely comply with the agreement on reducing the volume of raw materials.

• At the moment, WTI crude oil is traded at $ 62.52, losing about -0.08% in price.
• Brent crude oil is traded at around $ 65.42, losing about -0.189% in price.

Also, see Technical Analysis of Oil.

Alexander Sivtsov