• Oil is trading higher

Market news

22 September 2016

Oil is trading higher

This morning, New York crude oil futures for WTI rose by 1.01% to $ 45.8 and Brent crude oil futures rose in price by 0.94% to $ 47.27 per barrel. Thus, the black gold is continuing to grow after an unexpected decline in US stocks volume third consecutive week. Oil rose after the US Energy Information Administration reported that oil reserves in the United States fell for the week ending 16 September 6.20 million barrels to 504.6 million barrels. It is worth noting that the experts predicted a growth of 3.4 million barrels.

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