• Oil increased in early trading

Market news

4 July 2016

Oil increased in early trading

This morning, New York crude oil futures WTI rose by 0.29% to $ 49.13 per barrel. At the same time, crude oil futures for Brent rose by 0.38% to $ 50.54 per barrel. Thus, the black gold is gaining on the background of rising fuel demand from car owners in the United States in the summer. In addition, the strike in Norway stopped after the signing of a weekend labor agreement between unions and employers. Analysts believe that the oil market as a whole remain favorable for further price recovery.

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