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- Oil is gaining in early trading
Oil is gaining in early trading
This morning, New York crude oil futures for WTI rose by 0.67% to $ 45.00 and crude oil futures for Brent rose by 0.58% to $ 47.16 per barrel. Thus, the black gold is trading higher on the background of data on the growth in US energy stockpiles. US crude stocks rose last week by 2.3 million barrels, the US Department of Energy data show. Although analysts polled by The Wall Street Journal, predicted an increase of 1.2 million barrels. "
Gasoline inventories fell by 700 thousand barrels, vs a more significant decline expected. US domestic oil production fell for the week by 60 thousand barrels - to 8.48 million barrels per day.
The US continues to import oil that support the growth of reserves.
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