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Oil is trading lower
This morning, the New York futures for Brent have fallen 0.53% to $ 48.55 and crude oil futures for WTI down 0.35% to $ 50.71 per barrel. Thus, the black gold is traded in the red zone because traders are awaiting the release of data on oil reserves in the key US markets as Chinese markets are closed due to holidays.
Today, the American Petroleum Institute will publish the assessment of stocks of crude oil and petroleum products in the United States, and on Wednesday we have data from the US Department of Energy, for which traders are watching with great interest.
Yesterday the price of oil hovered near its highest level in three months, as OPEC continues to provide optimism in the market.
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