Crude oil continues to rise in price despite the growth of inventories in the US.
Crude oil market starts new trading week with quite a confident growth of the quotes on the back of certain ease of worries regarding further escalation of trade dispute between USA and China.
Oil market remains under pressure on the back of escalation of trade contradictions between USA and China.
On Tuesday crude oil shows corrective decline after solid growth during European and American trading session the day before.
Oil market today has opened with a tangible downward gap, but now undertakes active attempts to recover the losses.
Yesterday oil prices have tumbled by more than 2% reacting on earlier released data from the US on growth of oil inventories to their highest since September 2017.
Local pressure on the price was produced by industry data from USA showing rise in oil inventories of the country by 9,9 million barrels