Oil, much higher?

Oil reserves are declining

The price of black gold has updated a three-month high amid a reduction in US stocks of raw materials, reported by the country’s Department of Energy. At the same time, traders were eager to see the opposite trend, because a day earlier the American Petroleum Institute announced an increase in reserves of more than 4 million barrels.

To a large extent, rising oil prices were also helped by positive comments on the course of negotiations on a US-China trade deal. However, the agreement remains unsigned, which creates the preconditions for the correction of the value of black gold.


Assets Summary
Brent Sell carefully


Related posts

News, Trends, Analytics 13.08.2020

Russian President Vladimir Putin announced the approval of a vaccine for the Covid-19 virus developed by the same labs that developed vaccines for Ebola and Mers.

Weekly News 27.05–31.05.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade. It included both the news of the economic calendar and the world events that in one way or...