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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 0.80% to $ 45.27 and Brent crude oil futures rose 0.53% to $ 47.34 per barrel. Thus, the black gold is trading in the green zone amid American Petroleum Institute's data that showed a slower increase in US oil inventories. According to API, the reserves of black gold in the country increased by 1.4 million barrels to 514.7 million over the week, while analysts had expected an increase of 3.8 million barrels. The official US government data on crude oil inventories will be published later today. Rising oil prices could hold back an increase in exports from Libya.
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