Today, the price of oil has updated at least October 25, 2017, falling to a level of $ 57.78 per barrel. The price of WTI oil dropped to $ 49.75 a barrel for the first time since October 10, 2017. The driver of such a strong fall was the data on the growth of stocks of raw materials in the US for the tenth week in a row.Statistics from the US Department of Energy showed an increase in commercial oil reserves in the country by 3.6 million barrels, to 450.5 million barrels. Experts predicted growth of only 800 thousand barrels.By midday, the commodity asset recovered in price to the level of $ 59.85 per barrel.
The material has been provided by InstaForex Company – www.instaforex.com