On Thursday Oil increased more than 1% while official numbers revealed that the U.S. crude stocks dropped more than anticipated. The drop happened while oil producers and OPEC finally set a meeting date to consider production cuts. OPEC members finally agreed to meet on July 1, accompanied by a meeting with non-OPEC allies one day later on July 2 after weeks of waiting for the final dates. The U.S. WTI crude futures moved up 79 cents to $54.55 a barrel.
Brent crude futures grow 82 cents to $62.64 then dropped on Wednesday by 0.5%.
Trump vs Powell?
Daily Analysis - 20/06/2019