Oil market continues declining after a substantial growth on Monday’s session opening.
Oil market locally is trending down amid reports that Saudi Arabia would quickly restore full production volume.
Oil market retains upward movement vector amid escalation of the situation in the Middle East.
Oil prices are declining gradually after a solid gap of the quotes to the upside.
Oil market has closed trading session on Wednesday tumbling more than 2% despite U.S. Energy Department reported substantial draw down in crude stocks ( -6,9 million barrels against the forecast of -2,7 million barrels).
Oil market has closed Tuesday’s session with slight decline reacting on unexpected resignation of U.S. President national security adviser John Bolton.
Oil market retains upward vector amid growth of investors’ risk appetite and emerging of positive industry news.
Oil market opens new trading week in the green reacting to the news reporting replacement of Saudi Arabia’s Energy Minister.
On Tuesday U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tariff hikes had sent markets reeling.
On Monday oil market is making attempts to reclaim positions after losses during Friday’s session.