Oil gains moderately
This morning, New York crude oil futures WTI rose by 0.19% to $ 48.41 per barrel. At the same time, Brent oil futures climbed 0.24% to $ 49.80 per barrel. Thus, the black gold is gaining, because market returns to its normal, less volatile conditions. OPEC oil production rose to 32.82 million barrels per day in June. In addition, traders expect the new easing of monetary policy by the Central Bank amid slowing growth in Asian economies.