- Analytics
- News and Tools
- Market News
- Oil: prices moderately lower at the end of the week
Oil: prices moderately lower at the end of the week
Oil is trading moderately lower today. Brent Crude lost -0.11% currently trading at USD56.51 a barrel. On January 13th Crude set a low at USD45.19. West Texas Intermediate declined by -0.73% currently quoted at USD50.42. Yesterday oil recovered from Wednesday's big slump caused by higher U.S. stockpiles and news that Saudi Arabia increased oil production.In the week 28 March to 3 April oil reserves increased by 10.9 million barrels to 482.4 million barrels, while experts waited for an increase of 3.4 million barrels. The report also reported that weekly growth of oil reserves was the most significant since March 2001.
Today Baker Hughes Rig Count data will be in the focus. Active drilling rigs almost halved in 12 months. Still, U.S. output did not decline.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
