• Oil is gaining in early trading

Market news

5 September 2016

Oil is gaining in early trading

This morning New York WTI crude oil futures rose by 0.59% to $ 44.41 and crude oil futures for Brent rose by + 0.11% to $ 46.88 per barrel. Thus, the black gold is traded moderately higher in the background of weak US labor market data. Expectations for a Fed hike this month weakened. It was also reported that analysts, for the first time in six monyhs, reduced the forecast for oil prices to 45.44 dollars per barrel. 34 experts surveyed by Reuters lowered the forecast for oil prices to 45 dollars in February 2016 a barrel.

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