• Oil is trading higher

Market news

12 October 2016

Oil is trading higher

This morning, the New York futures for Brent rose 0.45% to $ 51.02. and crude oil futures for WTI increased in value by 0.63% to $ 52.74 per barrel.

Today, the American Petroleum Institute will publish the evaluation of crude oil and petroleum products in the United States. Tomorrow the US Department of Energy will report. This week, both will report a day later, because Monday was a federal holiday in the United States.

Last week, US crude oil inventories fell, which led to an increase in forecasts about the demand.

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