Oil Keeps Its Positions

Forex News

Oil is trading mixed after a slight increase in the yesterday's trading session, on the prospect of extending the OPEC global treaty with the countries that are not members of the cartel about limiting the extraction of raw materials. Saudi Energy Minister Khalid al-Falih said yesterday that Riyadh welcomes Russia's readiness to extend the agreement until the end of 2018.

Futures for Brent crude oil is trading at $57.16 per barrel, which is 0.28% higher than the previous close. Futures for oil WTI fell by 0.10% to $50.74 per barrel.