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- Oil little changed in early trading
Oil little changed in early trading
This morning, the New York futures for WTI trading flat and crude oil futures for Brent rose by + 0.13% to $ 46.72 per barrel. Thus, the black gold is trading slightly up on the background of official data on US oil inventories. American Petroleum Institute data showed that the reserves of black gold in the US fell by 2.3 million barrels to 520.9 million over the week. Energy Information Administration to publish official data on stocks later today. China Statistical Office reported that the production of gasoline in China has grown by 8.7% in June, while year on year to 11 million tons, which is yet another sign of saturation of petroleum products market.
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