Oil (current news) - Ester Holdings

Oil (current news)

Oil prices retain a moderate dynamics at the beginning of European trading. The main pressure on oil quotes is the growth of oil reserves in the United States.

  • According to the API, oil reserves for the past week rose by 1.156 million barrels, but it should be noted that this growth is much lower than the previous level at 5.661 million barrels.

Today, the market will expect data on oil reserves from the EIA, which have a more significant impact on the oil market.

  • At the moment, WTI crude oil is trading at $ 60.77, adding about + 0.10% in price.
  • Brent crude oil is trading around $ 64.58, losing about -0.09% in price.

Also look Technical Analysis of Oil

Alexander Sivtsov

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