Oil is trading lower

Market news

23 January 2017

Oil is trading lower

This morning, the New York futures for Brent fell 0.41% to $ 55.26 and WTI is down 0.56% to $ 52.92. Thus, the black gold prices traded lower in anticipation of projections for US oil production. The recent pressure on prices put data on the growth of drilling rigs in the United States. During the last week drilling increased to 551, which is a 4 years high.

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