• Oil is trading lower

Market news

13 July 2016

Oil is trading lower

This morning, New York crude oil futures for WTI fell by -1.18% to $ 46.25 per barrel. At the same time, Brent crude oil futures fell -1.42% to $ 47.76 per barrel. Thus, the black gold is lower on the API data output background. US crude oil inventories last week rose by 2.2 million barrels - up to 523.1 million barrels, while analysts had expected an increase of 3 million barrels.. Official data on the level of oil inventories in the US will be published later. The price was also influenced by the strengthening of the dollar and the desire of some market participants to lock in profits after the rally on Tuesday became the strongest since the beginning of April.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.