Oil now

At the trading on Tuesday, oil quotes returned to growth on the overall increase in optimism in the stock markets. Data on the reduction of oil exports from OPEC and Venezuela continues to support oil. Sanctions against the oil company of Venezuela continue to be the main driver to increase the cost of oil. Also, the possibility of exacerbation of sanctions against Venezuela and problems in its oil-producing sector contribute to the trade of major oil brands around monthly highs.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 62.90, an increase of about + 0.60% in price.

WTI crude oil trades at a mark of $ 55.10, an increase of about + 1.00% in price.

Read also: “Friday trades: features and patterns.”

Dani Leviant

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