Oil now - Ester Holdings

Oil now

At the trading on Thursday, oil quotes were traded with a slight decrease. The reason for the growth of pessimism in the oil market is the data on the decline in demand in the world oil market and data that Iran may slightly increase its exports. Earlier, the United States partially freed up a certain share of exports of Iranian oil from sanctions. Now in Iran there is a significant increase in oil reserves, which can also increase the supply on the oil market.

The overall dynamics of the main oil brands remain restrainedly negative, despite the agreement of OPEC to cut oil production, which will come into force in January 2019. At the same time, it is worth noting that oil quotes retain a potential for decline, despite the long flat.

Look Technical Analysis.

At the moment, Brent crude is trading at $ 59.90, a decrease of about -0.40% in price.


WTI crude oil trades at $ 50.70, a decline of about -0.90% in price.


Read also: “A few useful facts about Bitcoin”

Dani Leviant

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. USA VS China – what means a delay in trade opposition.
  2. Doji candlesticks. Rare species.
  3. Will it be new oil quotas in OPEC?

Current Investment ideas:

  1. “Johnson & Johnson has made a new breakthrough in medicine! Shares are growing!”
  2. Earn big money on the shares of the largest US bank!”

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?