• Oil trading almost flat

Market news

3 August 2016

Oil trading almost flat

This morning, the New York futures for WTI oil rose by + 0.05% to $ 39.55 and Brent oil futures were down -0.10% to $ 41.77 per barrel. Thus the black gold has limited activity amid anticipation of the US Department of Energy data on oil reserves in the country. The market expects that data will point to the decline in crude oil and gasoline at the end of last week. Also, according to API, oil reserves for the week fell by 1.3 million barrels, while gasoline stocks - 450 thousand barrels.. According to estimates US crude stocks for the week fell by 900 thousand barrels and gasoline fell 300 thousand barrels.

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