• Oil is gaining in early trading

Market news

21 July 2016

Oil is gaining in early trading

This morning, New York crude oil futures WTI rose by + 0.35% $ 45.91 and crude oil futures for Brent rose by + 0.36% to $ 47.34 per barrel. Thus, the black gold is trading in positive territory, amid the release of data from the US Energy Information Administration which showed a cut in oil reserves the ninth week in a row, but surprised on growth in gasoline inventories. US crude stocks fell for the week by 2.34 million barrels, while inventories remained at 519.5 million barrels. But gasoline inventories rose 0.91 million barrels, while analysts had expected gasoline stocks to remain unchanged.

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