- Analytics
- News and Tools
- Market News
- Oil prices gave up earlier gains
Oil prices gave up earlier gains
West Texas Intermediate futures for February delivery is currently at $36.08 (+0.31%), while Brent crude is at $36.50 (+0.22%) staying not far from eleven-year lows. Investors are concerned over the persistent supply glut and rising stockpiles. In fact, some analysts believe that the conflict between major oil producers Saudi Arabia and Iran will only intensify the oversupply issue as now these two countries are even less likely to co-operate in order to support oil prices. Meanwhile Iran is preparing to raise supplies this year.
Market participants are waiting for the Energy Information Administration to report on U.S. crude oil stockpiles later today.
© 2000-2026. 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
