- Analytics
- News and Tools
- Market News
- Oil little changed in early trading
Oil little changed in early trading
This morning, the New York futures for Brent rose by + 0.13% to $ 44.76 and crude oil futures for WTI rose 0.21% to $ 46.62 per barrel. Thus, the black gold is trading in the green zone on the background of output data in the United States and the reduction of oil reserves, but the lack of agreement between OPEC producers constraints prices. Also, OPEC members will hold informal talks today. On the sidelines of the three-day International Energy Forum to be held in Algiers, OPEC countries will also meet with oil producers outside the organization.
Yesterday, the black gold has fallen in price after Saudi Arabia dispelled expectations of compromise between cartel members and countries outside of OPEC, although an agreement not to increase oil production for price support is still possible this year.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
