Oil market has closed the fourth consecutive day with decline.
Oil market has closed yesterday’s trading session with a tangible drop down.
Oil market is being traded short on the back of messages saying, that tropical storm “Barry”, which status was updated to hurricane for a short while, on Monday evening has left the Gulf of Mexico without causing any tangible damage to local oil production infrastructure.
Oil market continues upward movement on the back of steep escalation of the conflict in the Strait of Hormuz, where Iranian military vehicles attempted to block one of the British tankers.
On Wednesday crude oil market is being traded in the green on the back of good data of industry statistics from the U.S.
On Monday oil marker was traded with moderate decline on the back of pressure, that was produced by the situation on stock markets.
Oil market on Tuesday was traded in the red despite a nine-month rollover of oil supply cuts.
Oil market has expressed surprisingly calm reaction on messages, that OPEC+ will extend production cuts agreement and USA and China will restart trade talks. And so far oil is being traded in the red mostly.