Oil prices are mixed in performance and outlook on the data of the American Petroleum Institute
2018-02-13 11:39 am | Resource: NEWS | No Views : 143
Oil prices are mixed in performance and attention on the data of the American Petroleum Institute estimates of US oil stocks on Tuesday, where oil prices were showing during European trade Tuesday, where the US crude fell marginally by 0.05% to reach levels of 59.26 dollars per barrel , While Brent crude lost a slight rise of 0.245 to reach 62.37 dollars a barrel. US crude started trading today at 59.35, recording a high of 59.72 and a low of 58.93 dollars.
Oil ended yesterday's trading up 0.6%, the first gain in four days, supporting the rebound from the previous two-month low of $ 58.06 a barrel, and Brent contracts rose 0.2%, following the warnings of the International Energy Agency To the global supply, especially after the increase in supplies in the United States to new record highs, noting that the oil market will not be balanced again near the end of this year, due to additional supplies from the United States.
US crude production rose 1.3 million barrels compared to last year and it will soon exceed Saudi production and may overtake Russia by the end of the year, the agency said in its monthly report. The sharp increase in the growth of US rock oil production could soon bring about a radical change, In politics from major oil producers.
Venezuelan oil production fell to a 30-year low in January, with the exception of the brief 2003 turmoil, as Venezuela's biggest reserves, the largest in the world, continue to show the depth of the economic and political crisis in the country's presidential election. In April.
Time frame Used - four hours Oil is moving in a bearish direction in the near term The bears managed to control the movement of oil to break the support level around the level of 70.46 down to reach the bearish target around the level of 68.27 forming a positive candlestick pattern In view of the technical indicators Both the RSI and the Stochastic are indicating the arrival of…
- Gold Technical analysis 19 October 2018 11:58 pm2018-10-18
- OIL Technical analysis 18 October 2018 11:37 pm2018-10-17
- Gold Technical analysis 18 October 2018 11:35 pm2018-10-17
- OIL Technical analysis 17 October 2018 11:10 pm2018-10-16
- Gold Technical analysis 17 October 2018 11:06 pm2018-10-16
- OIL Technical analysis 16 October 2018 11:43 pm2018-10-15
- Gold Technical analysis 16 October 2018 11:41 pm2018-10-15
- OIL Technical analysis 15 October 2018 10:03 pm2018-10-14
- Gold Technical analysis 15 October 2018 10:01 pm2018-10-14
Best trading brokers
- The rise of gasoline contracts supports oil to reach its levels in two months 2017-07-28
- Oil prices maintain their highest level in 8 weeks 2017-07-28
- Brief Market News 2017-07-12
- Oil falls influenced by the International Energy Agency report 2017-08-14
- "China National Petroleum": China's energy demand will peak in 2040 2017-08-16
- Dogecoin .. Electronic currency arose as a result of irony 03:54 pm 2018-01-26
- Currency and commodity analysis for 2018 05:14 pm 2018-01-01
- Bitcoin forces Santa Claus to distribute the worst gifts to its investors on Christmas 10:04 am 2017-12-25
- Forex 09:26 am 2017-12-25
- OmiseGo .. Time for electronic financial exchanges 02:07 pm 2017-11-15