Oil Correctly Cheaper After Growth at the Monday Auction

in #news7 years ago

Brent cheaper to 67.17 dollars per barrel.

World oil prices on Tuesday, February 27, are falling within the correction after the growth in trading on Monday, according to the data of the auction.

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As of 7:28, the cost of May futures for the North Sea oil blend of Brent brand decreased by 0.18% - to 67.17 dollars per barrel, the price of April futures for WTI oil fell by 0.22% - to 63.77 dollars for barrel.

Now investors are waiting for the publication of statistics on oil reserves in the US. On Wednesday. Experts predict an increase in reserves of 2.7 million barrels, or 0.6% - to 423.2 million barrels.

According to OANDA analyst Stephen Innes, cited by Reuters, given the data released last week about a significant drop in inventories at the largest US terminal in Cushing, traders are waiting for weekly statistics data with special interest.