• Oil trading lower

Market news

27 July 2016

Oil trading lower

This morning, New York crude oil futures for WTI fell by -0.35% to $ 42.80 and Brent oil futures were down -0.44% to $ 45.03 per barrel. Thus, the black gold is trading lower because the excess reserves and the economic slowdown put pressure on the markets. Also the US Department of Energy publishes data on the country's oil reserves today, the high level of which remains one of the main negative factors affecting the market. S & P Platts experts expect a decrease in oil reserves last week by 2.6 million barrels.

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