This morning, oil prices seem to have started recovering from another bearish period started earlier this week, Masterforex-V Academy reports.
The price of the April WTI futures has just hit $48,26 per barrel. This means that the price has advanced by %0,09 relative to the previous price level. it should be reminded that yesterday’s trading session closed at $48.17/b. This was the lowest price level in 2 weeks.
The London exchange indicates that a barrel of Brent oil is up in value as well. The price has recently reached the level of $58,01 per barrel. The April Brent futures gained $1,15 relative to yesterday’s close price.
At the same time, the recent oil inventories report from the USA shows us hat the inventories went up by 4,1 million barrels last week. In absolute figures, they are equal to 448.9 million barrels. With that said, Masterforex-V Academy reports that this is the highest level in 80 years!
