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- Oil little changed in early trading
Oil little changed in early trading
This morning, New York crude oil futures for WTI fell by -0.24% to $ 41.61 and Brent oil futures were down -0.20% to $ 43.96 per barrel. Thus, the black gold is traded slightly lower on the background of data on reserves of fossil fuels in the United States. According to data published by the US Department of Energy, the amount of oil reserves for the week ended July 29 rose by 1.06 million barrels - up to 523.6 million barrels. This is 37.7% above the average for this time of the year for the last five years. In addition, the pressure on the black gold had record volumes of oil production in Saudi Arabia which has announced an increase in production up to 10.67 million b / d in July.
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