- Analytics
- News and Tools
- Market News
- Oil prices climbed
Oil prices climbed
West Texas Intermediate futures for February delivery rebounded to $30.85 (+1.21%), while Brent crude is currently at $30.32 (+0.03%). Nevertheless prices are expected to stay low for quite a while. On Wednesday the Energy Information Administration reported that U.S. crude oil inventories rose by 200,000 barrels in the week ending January 8. This suggests that consumption in the world's biggest oil consumer is unable to absorb growing supplies.
The EIA cut its global oil demand forecast to 95.19 million barrels a day this year and raised its forecast for global output.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
