- Analytics
- News and Tools
- Market News
- Oil is trading in the red zone
Oil is trading in the red zone
This morning the New York futures for Brent are down 0.19% to $ 51.56 and WTI fell 0.20% to $ 54.35 per barrel. Thus, the black gold is traded lower on the background of drilling rigs growth in the United States, which excited the market because of concerns that the production cuts agreed by OPEC countries and Russia, may not be as significant as previously expected.
As shown by Baker Hughes data on Friday the number of rigs in the US increased by 3. After the low of May 27 manufacturers increased the number of drilling rigs in the United States at 161 (plus 51 percent).
© 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
