Brent Crude Oil: waiting for new drivers
Oil quotes stabilized around 63.00-63.50 after a significant increase at the beginning of the week, connected with the arrests of the highest official and members of the royal family of Saudi Arabia.
Yesterday's data on US oil inventories from the EIA did not put serious pressure on prices, although, contrary to forecasts, crude oil reserves increased by 2.237 million barrels instead of the projected decrease of 2.800 million barrels. At the same time, the volume of oil production in the US rose to 9.62 million barrels per day.
Probably . . .