• Oil is trading mixed

Market news

4 August 2016

Oil is trading mixed

This morning, New York futures rose by + 0.29% for WTI crude oil to $ 40.92 and Brent oil futures were down -0.02% to $ 43.09 per barrel. Thus the black gold continues to recovery, after rising against the background of a significant decline in gasoline stocks in the United States and a significant weakening of the dollar since the end of July. Also, according to the Ministry of Energy, US crude stocks for the week increased by 1.41 million barrels, while traders expected a reduction of 900 th barrels. But gasoline inventories in the US, fell by 3.26 million barrels. At the same time, oil production in the US decreased by 55 th barrels per day, due to reduced production in Alaska. In the remaining 48 states theindex remained at the same level. Utilization of refineries and the volume of oil imports increased.

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