The oil trading changes: the price decrease because of the active rise of stocks
CFD1000 market analysis mentioned the pause of 2-days rally of WTI and Brent oil and changed the curse for decrease today because of the news of the growth of raw material stocks. Currently WTI is traded with decrease by 0,70% about 34,17 and Brent with a little increase about 36,89. All Asian session the prices were under the pressure because of the API report, showing the growth of hydrocarbon reserves by 9,9 mln barrel. Now the focus of Forex news is on the data of the Ministry of Energy, which can show the increase by 2,25 mln barrel. Also the report on employment is expected to influence the price of black gold.