Crude oil prices hit one-month low (15.06.2017)
Автор: ИнстаФорекс
Загружено: 2017-06-15
Просмотров: 287
Описание:
On Wednesday, oil prices struggled to stay at the previous levels ahead of the release of the official weekly report on the US inventory levels. However, today oil prices hit a one-month low.
The government numbers are below market expectations. This week the US oil stockpiles contracted by 1.661 million barrels. Analysts expected a 2.739 million-barrel draw.
Now oil traders even more worried about supply glut in the oil market. As a result, WTI crude is trading at $44.58 a barrel.
Brent crude is also trading under pressure at $46.95 a barrel. Meanwhile, non-OPEC states continue to increase oil production, which jeopardizes implementation of the OPEC deal on output cuts aimed at balancing worldwide crude markets.
The Baker Hughes rig count data that could put downward pressure on oil prices will be issued tomorrow. Crude oil is widely expected to close this trading week in negative territory.
https://www.instaforex.com
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