Oil now
On Thursday, major oil brands are trading lower with mixed data on US inventories from the EIA. So, the EIA report showed a reduction in gasoline and distillates, but at the same time, crude oil inventories increased significantly, pointing to the growth in oil production in the US, and raising concerns about the growth of supply in the world oil market.
As a result, the oil of major brands resumes decline after a short increase in the reduction of fuel stocks in the US, while limiting itself to yesterday’s lows.
Look Technical Analysis of Oil.
At the moment, Brent crude oil is trading around $ 72.00, a decline of about -1.20% in price.
WTI oil is trading at $ 66.80, a decline of about -1.40% in price.
Read also: “On the Waves of the Forex: Reserve Bank of Australia”
Dani Levitan
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