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18.10.2016 07:30

Oil is gaining in early trading

This morning, the New York futures for Brent rose 0.78% to $ 50.33 and crude oil futures for WTI rose 0.76% to $ 51.91 per barrel. Thus, the black gold is trading in the green zone on the background of market rebalancing expectations. Global inventories increased less than expected in the run-up to the high-demand winter heating season in the northern hemisphere.

Also another reason for the increase in the price of black gold was the dollar's decline, which moved away from the seven-month high.

According Bernstein Energy, global oil reserves increased by 17 million barrels to 5.618 billion barrels in the third quarter of 2016. This is a slight increase from the fourth quarter of 2014, confirming the slowdown in stocks, while market returns to equilibrium. "

18.10.2016 07:05

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  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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