Oil

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3 years ago

During the first part of European trade, the price of crude oil fell. The American Petroleum Institute announced last night that the stocks of crude oil in the USA increased by 1.14 million barrels (expected decrease of 1.5 million). However, optimism about vaccines supports the price of crude oil. However, the dollar is in a significant retreat again because the White House and the US Congress are (very seriously) working on a new package of fiscal support. On the other hand, further growth of oil is limited by the poor health situation in the world. At around 2:30 p.m., the price of crude oil traded at $ 45.86 a barrel, an increase of about 0.79% since the start of trading tonight. At 4:30 p.m., an official government report on the state of crude oil and oil derivatives stocks in the United States will be published.

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