Today oil rose $ 2.03 to $ 50.48 a barrel, it is almost 4%, amid reduced production in Libya and clothed by the Central Bank of China. Analysts expect higher than usual volatility in the coming days, many of them continue to be pessimistic because of the increase in inventories in the US and concerns of oversaturation of the market.
Yesterday, oil dropped by 9%, the price of which is traded hit $ 48.45 a barrel, wiping almost all gains from the previous two sessions. Data in the US stocks rose to record levels, which further influenced the price, and it shows the great supersaturation of the market. Amid strikes by some US refineries, which have a positive impact on the price of "black gold", it almost missed the rise. Market observers believe that it is very likely collapse of oil continue to seek bottoms, as there is great likely to be directed towards $ 30 a barrel.
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