Oil now

Oil quotations are traded restrainedly slightly below the opening of the day after the disappointing data on US oil inventories from the API. So, the latest API report showed a slight increase in crude oil reserves in the US at 0.038M barrels per week. At the same time, oil reserves in Cushing increased more significantly by 0.13M barrels per week, thereby increasing concerns about the EIA report, which will be released today and indicated the resumption of the dynamics to an increase in supply in the market.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 76.50, with an increase of about + 0.30% in price.

WTI oil is trading at $ 68.80 a barrel, rising about + 0.40% in price.

Read also: “Deutsche Bank – alive or not?”

Dani Levitan

 Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Stock indices of America: Canada, Mexico and Brazil
2. Trade balance influence on the country’s economy
3. Stock indices : Asia-Pacific region

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1. Preparing to have profits on an optimistic report of Alcoa Inc.!
2. On weak reporting of Boeing shares we can get a strong income!