22.07. Fresh trading analysis: Oil is getting cheaper after an unexpected increase in stocks in the US

Thursday, July 22nd, today’s news — Oil prices are declining on Thursday amid an unexpected increase in US inventories and concerns about demand due to an increase in the incidence of COVID-19, but expectations that supplies will remain limited until the end of the year supported prices. The price of Brent oil is $71.98 per barrel, WTI — $70.16. EUR/USD is at 1.1796, GBP/USD—1.3745, gold is at $1.801 per ounce. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.