Oil in captivity of emotions

in oil today is a very emotional day. Investors react to the actualized probability of a decline in demand for raw materials in the world as the economy fall into a state of recession, and to the differences in the dollar. By the middle of the day, Barrel Brent is trying to stabilize about $ 89.15, but not very.

technical side of Brent vibrations indicates that oil has worked out a growth wave of to $ 89.20 and is now ready to decline by $ 86.50. From there, the market will once again try to enter $ 90. The day before the dollar was perfectly adjusted, who gave the road to the raw materials to the bulls. In addition, information about the maximum permissible level of prices for Russian oil in the EU supported prices.

, according to the US Ministry of Energy, published on Wednesday, black gold reserves in a week decreased by 0.22 million barrels with a noticeable drop in pure imports by 1.6 million barrels per day. The extraction of raw materials sank by 100 thousand used up to 12 million b/s. It is noteworthy that the loading of the refineries has also decreased. The supplies of gasoline fell by 2.4 million barrels, reserves of distillates – by 2.9 million barrels. However, renewal The fortifications of the dollar nullified all this support.