Oil now

At the trading on Thursday, oil quotes were under pressure after data on U.S. oil reserves. Also, the pressure on the oil and commodity markets continue to have a general negative sentiment in the market. From other side, oil is supported by a reduction in production at OPEC and sanctions against Venezuela.

General dynamics of oil remains restrainedly upward, which is limited to attempts of correction against growth. Therefore, weekly highs for oil remain significant resistance.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at around $ 62.50, a decrease of about -0.20% in price.

WTI crude oil trades at $ 53.90, a decrease of about -0.10% in price.

Read also: “Stock Indices: European Union”

Dani Leviant

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

Topical articles of the trader’s blog:

1. The political crisis in Venezuela and its impact on the markets!
2. Fractals. Another simple indicator for earnings!
3. The World Forum: Davos 2019. Globalization is under threat!

Current Investment ideas:

1. Ready instruction to income! Earn with #CAT!
2. Aerospace Corporation brings a cosmic income!