• Oil trading lower

Market news

1 August 2016

Oil trading lower

This morning, New York crude oil futures for WTI fell by -0.43% to $ 41.42 and Brent oil futures were down -0.25% to $ 43.41 per barrel. Thus, the black gold has decreased slightly, after last week's colpase and the little rebound on friday. However, analysts are skeptical about market prospects, noting the increase in the number of drilling rigs operating in the US, as well as signals of recovery in exports of raw materials from Libya. According to Baker Hughes, the number of active oil drilling rigs in the United States over the past week has increased by three, the highest since March. In addition, it was reported that four ports in Libya reopened.

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