• Oil is gaining in early trading

Market news

12 July 2016

Oil is gaining in early trading

This morning, New York crude oil futures WTI rose by 0.45% to $ 44.96 per barrel. At the same time, crude oil futures for Brent increased by + 0.56% to $ 46.50 per barrel. Thus, the black gold increases amid interruptions in shipment of oil from the main Iraqi port of Basra, as well as the expectations of the weekly publication of data on levels in the US fuel stocks. Interruptions in Basra occurred due to leakage of oil from the pipeline. In general, the market keeps the negative mood, prices remain near two-month lows. Investors are concerned about the increase in drilling volumes in the US, the growth of exports of raw materials from Iran.

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