Studying the latest data from the oil market, the experts of companies from the "Top Binary Options Brokers" section have noted the fact that at this point the assets quotations depend more on statistics from the US, where reports on raw material volumes in the stores will be published soon. Now the press is actively circulating unofficial data, according to which oil reserves fell by 2.8 million barrels last week.

During the European trading session, the WTI Crude Oil quotations have depreciated to the mark of $ 56.55 / bbl. The Brent benchmark Crude Oil quotations have reached the level of $ 62.92 per barrel. Contracts for the natural gas supply have depreciated to the mark of $ 3,101 per million BTU.

WTI Crude Oil (Nymex)

Brent Crude (ICE)

It should be noted that the production of shale oil in the US has significantly increased, which will soon reach the level of 80 thousand barrels per day. This is disturbing news for the OPEC cartel, which has recently made every effort to extend the duration of the agreement on the reduction of oil production to restore raw material prices.

The OPEC + 11 agreement (Oil Cut Deal) has given some results. For example, the last spurt of oil quotations is largely based on the signs of restoring the equilibrium between supply and demand of oil assets on world trading floors. Reports for 2017 indicate that the Brent Crude Oil has risen in price by 40% since the beginning of summer, while the WTI Crude Oil prices for have appreciated by about 30%.

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