Oil now

Oil quotes at the start of the week are traded with a decrease in the growth of pessimism around the aggravation of pessimism. The reason for the decline in oil was the general decline in stock indices on data on the decline in China’s exports, which exacerbated general concerns about a slowdown in the global economy. As a result, we observe the flight of investors from risks and the sale of risky assets. Technically, oil quotes remain under pressure correction after growth, limited to the lows of the week.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 59.90, a decline of about -1.00% in price.

WTI crude oil trades at $ 51.00, a decline of about -1.00% in price.

Read also: “Cross-rates Trading Strategies”

Dani Leviant

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

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