the North American WTI crude oil traded in the accounting period by 33.55 per barrel. This is evidenced by the data portal Investing.com.
the Rise in prices associated with the published data of the American petroleum Institute (API) on the reduction of oil reserves in the U.S. in the week ended 15 may, to 4.8 million barrels. The official statistics of the Ministry of energy U.S. commercial oil stocks will be published today evening. If it confirms the API data, crude oil might get additional stimulus to growth.
the Optimism was also supported by the smooth transfer of contracts of WTI crude oil in June for the July contract. A month earlier, a similar transition of the contract from may to June led to negative WTI on the exchange.
According to many experts, the worst for the oil market is over, although the downside risks to prices still remain.
