On Tuesday, oil growth was rather good due to increased expectations about the development of the global economy. Meanwhile, activity at the trading platforms was very low. On Wednesday, exchanges in the United States, Europe and several other countries will not work.
Investor sentiment improved after the American president announced that the agreement with China was almost ready. According to Trump, all that’s left is only to translate and do the paperwork.
On the London Stock Exchange, February futures of the European Brent crude oil grew by $ 0.8 per barrel. Thus, at the end of the trading session they cost $ 67.2. This is the highest price in the last three months of trading.
On NYMEX, contracts of the American WTI crude oil for February increased $ 0.6 and cost $ 61.1 per barrel. This value is the largest in the last 3 sessions.
The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group