Oil prices decreased following the results of the last week

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Following the results of the last week, Brent crude oil fell in price by 1.8%, WTI - by 3.6%. The pressure on oil prices is caused by the problems of emerging markets and the US trade conflict with China. In addition, according to the US Department of Energy, last week gasoline reserves in the country grew by 1 million 850 thousand barrels, reserves of distillates rose by 3 million 100 thousand barrels. At the same time, experts had expected a decrease in gasoline stocks and a less significant increase in distillate stocks. On Friday, November futures for Brent crude fell 27 cents to 76 dollars 23 cents a barrel. The price of the October WTI futures fell by 45 cents to 67 dollars 32 cents per barrel.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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