Bloomberg: Stable Oil after Aramco's Financial Report

Oil prices traded at a stable level yesterday after the Aramco financial report for the first half of this year did not contain any surprises for the market, Bloomberg said Tuesday.

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Oil markets are awaiting US government data on oil inventories, which analysts say will see a bigger drop than expected.

The London Brent barrel traded at 58.27 dollars a barrel at 09:13 Moscow time, down 0.51% from the previous close.

The world mix ended Monday's session at 58.57 dollars a barrel, down 0.17% from the previous close.

WTI crude traded at $ 54.59 per barrel, down 0.62% from the previous regulation. The crude had closed the previous session at $ 54.93 per barrel.

The following is a graph showing crude oil trade since the beginning of this year:

Oil prices have fallen by more than 6% since the beginning of the month, amid growing concerns about the global economy and global oil demand in the context of the trade war between China and the United States. United.

Saudi Aramco, the world's largest oil exporter, said it posted net profit of $ 46.9 billion in the first half of this year, down from $ 53.02 billion a year ago.

Aramco said it has cut spending by 12 percent over the previous year, indicating that oil reserves from one of its major global producers could fall.

The Saudi company attributed declining profits to lower oil prices and output.

Source: Bloomberg

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