On September 04 black gold is showing growth. The day before crude oil Brent to be supplied in October has risen by 1.1 percent at ICE stock exchange in London, having thus amounted to 115.78 dollars per barrel. Trading session at New York exchange NYMEX was not held on September 03 because of the national holiday in the USA – Labour Day.
At this point the price for crude oil Brent at ICE stock exchange in London has risen by 0.22 dollars, having amounted to 116 dollars. At New York exchange crude oil WTI has gained in value 0.70 dollars, having amounted to 97.17 dollars per barrel.
The chart below reflects the current state of affairs with crude oil WTI: in short term oil prices may return to the level 96.5-96 dollars per barrel. At this point wave [v] is expected to finish. If the pullback fails to reach the level of 96 dollars, up-wave 3 of 3 may happen, although such assumption is yet considered as alternative. The depth of the pullback will show the extent of the termination.
