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- Oil almost flat in early trading
Oil almost flat in early trading
This morning, New York crude oil futures for WTI rose by + 0.13% to $ 46.83 and Brent oil fell slightly to -0.08% to $ 49.02 per barrel. Thus, the black gold is trading without any important changes, showing the preservation of oversupply in the market. According to data published on Wednesday oil inventories in US increased by 2.5 million barrels last week, while analysts expected on average a reduction of 850 thousand. Gasoline stocks rose by 36 thousand barrels, distillates +122 th. barrels, and oil reserves in the United States 8% above last year's levels.
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