The oil prices are fluctuating being influenced by reports from the USA and China.
During the Wednesday session on May 09, the quote of WTI oil descended to 95 dollars 40 cents per barrel. Such downturn has been still provoked by uncertainties in Greece.
However, the Federal Reserve Bank Head Sandra Pianalto declared that the US economy, the biggest oil consumer in the world had been reviving moderately that pushed up the prices to 96 dollars 70 cents per barrel.
Later the data on oil commercial reserves came from the United States which had added 0.9% for the last week.
On the other side of the globe, a weak statistics on trade balance from the People’s Republic of China disappointed investors causing the oil price easing.
The Chinese export has gained just 4.9%, while the specialists were predicting a 9.1% ascelation.