Market news
18.08.2016, 08:09

Oil is gaining in early trading

This morning, the New York WTI futures rose 0.66% to $ 47.10 and crude oil futures for Brent rose by + 0.26% to $ 49.98 per barrel. Thus, the black gold has increased slightly, correcting after the recent collapse amid fears of increase Saudi oil production to record levels. There were reports that Saudi Arabia can update the record of oil production in August, which was recorded in July at the level of 10.67 million barrels per day. This prompted traders to take profits on a background of a 20% increase this month.

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