Oil prices demonstrated weakly multidirectional dynamics on Thursday

After a sharp drop in oil prices on Wednesday based on data on the unexpected increase in fuel stocks in the US, oil prices on Wednesday showed a weak multidirectional dynamics. October Brent crude oil futures by 14:49 Moscow time went up by 33 cents to 71 dollars 9 cents per barrel. The price of September futures for WTI crude oil fell 11 cents to 65 dollars 12 cents a barrel. Data on the growth of oil reserves in the United States by 6 million 810 thousand barrels, the maximum rate since March 2017, on Wednesday led to a drop in the value of Brent by more than 2%, WTI - by more than 3%. The market is supported by information on the possible resumption of negotiations between China and the United States on the situation in foreign trade.

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
Something went wrong
Message: