Oil now

Oil quotes at the start of the day are traded with a strengthening on optimistic expectations on the US and China  negotiations regarding trade agreements. An additional factor in the strengthening of oil are recent data on US oil inventories, which showed a significant decline in oil reserves in recent weeks.

From the start of the year, general dynamics of oil has remained in an uptrend, but this growth is limited by the general downward trend, which may be the actual factor limiting the further strengthening of oil prices.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 58.00, an increase of about + 1.10% in price.

WTI crude oil trades at $ 49.00, a decline of about + 1.10% in price.

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Dani Leviant

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