Oil takes revenge and shows the growth after its collapse the day before.
Brent contracts for April have risen to $ 62 per barrel, although the day before they were worth $ 61.5. Futures for WTI crude oil for March have grown to $ 52.7. Yesterday, their price was equal to $ 52.4.
The market has lurked in anticipation of the data from the US Ministry of Energy and API. Reports from OPEC and IEA are also of great interest to investors. They will be published later this week.
John Caruso, expert at RJO Futures, believes that due to the lack of macroeconomic indicators, the market will remain at the same position for the next couple of days. Therefore, major changes today and tomorrow should not be expected. Demand will continue to be under great pressure from the uncertain global economic situation, but the price will not move anywhere for no particular reason.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade