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- Oil is gaining in early trading
Oil is gaining in early trading
This morning, New York crude oil futures WTI rose 0.51% to $ 47.69 per barrel and crude oil futures for Brent rose 0.43% to $ 49.02 per barrel. Thus, the black gold is rising, amid the release of data that show a decrease in US oil inventories and dollar weakness. According to the American Petroleum Institute, oil reserves fell 6.7 million barrels to 520.9 million over the week. Analysts said the US data on the reduction of oil reserves was the main cause of rising prices.
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