Crude oil is gaining about 2% today, although at one point it jumped almost 3%. EIA today released positive data regarding oil demand:
- 2021 world oil demand to increase 180K to 5.5M
- 2022 world oil demand to decrease by 180K to 3.65M bpd
- Crude oil output in 2021 to fall 270K to 11.04M
The price of WTI crude oil fell below $ 60 per barrel, despite the weaker dollar, which has been clearly losing since the start of the US session. A short-term divergence has now developed. Data from the oil market are good, although investors still do not know how to evaluate the recent OPEC + agreement on moderate production increases. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
