Oil today: oil quotes resume growth

On Tuesday, after a slight correction in the Asian session, oil quotations resumed growth on the expectation of OPEC on the growth of world oil consumption and sanctions against Iran. As a result, the oil of the main brands is traded near the highs of four years and does not hurry to leave for correction. And expectations about correction are growing.

The main driver of rising oil prices continues to be sanctions against Iran by the US. But, on the other hand, Europe is not in a hurry to withdraw from the deal on Iran’s nuclear program, like other participants. This in the end can exacerbate the situation, both in the Middle East and in trade relations with the United States.

Oil prices technically retain an upward trend, but the trend shows a slowdown, which in the end may result in at least a flat formation.

Hanzenko Anton