• Oil is gaining in early trading

Market news

18 July 2016

Oil is gaining in early trading

This morning, New York crude oil futures WTI rose by 0.11% to $ 46.69 per barrel. At the same time, crude oil futures for Brent rose by + 0.27% to $ 47.74 per barrel. Thus, the black gold is up on the background of a weakening dollar and the situation after the military coup in Turkey. The key oil hub Bosphorus Strait, which accounts for about 3 percent of global supply, mainly from the Black and Caspian Seas, has been reopened to tankers on Saturday after a traffic stop for a few hours due to Friday's attempted military coup. The upbeat economic data from the US and China - the world's biggest economies, published on Friday, also supported the prices.

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