• Oil is trading lower

Market news

24 February 2017

Oil is trading lower

This morning the New York futures for Brent have fallen in price by 0.57% to a mark of 56.26 and WTI fell 0.57% to 54.14. Oil prices fell slightly after yesterday's energy inventories data. The volume of oil stocks in the United States at the end of last week rose by 564 thousand barrels to 518.683 million barrels. At the same time, gasoline stocks fell by 2,628 thousand barrels and amounted to 256.435 million barrels.

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