Oil is trading lower
This morning, New York crude oil futures for WTI fell by 0.68% to $ 50.21 per barrel. At the same time, Brent oil futures were down 0.89% to $ 50.20 per barrel. Thus, the black gold is trading to the downside, amid growing expectations of Britain's remain in the European Union on the results of the referendum on 23 June. Shale oil producers are considering increasing production, a lot longer than was expected from Saudis and OPEC.