Oil quotes this morning have displayed a mixed dynamic. Brent Crude at 11:10 EET was trading at $65.37 a barrel (a slight reduction on the previous trading session), with WTI with June delivery lifting to $59.40 per barrel. By last week’s close, a barrel of North Sea oil on a June contract hit $65.39, whilst that of Light Crude on the trading session in New York on Friday was $59.30 per barrel.
On the oil market today there’re no real reasons for growth or for a fall in prices. This zero-hovering dynamic will last throughout the day. Oil prices are likely to continue to stay in a sideways trend until the end of the week. Throughout the day Brent will trade within the $64.50-66.50 range and WTI in a corridor of $58-60.50 per barrel.
Attention:
Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.
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