Oil now

On Monday trades oil quotes are traded with a moderate decline in a very pessimistic mood. The pressure on oil comes from the growth of drilling activity in the United States and the growth of oil inventories in the United States. Also it is worth noting the overall increase in supply in the oil market. In addition to the US report on oil inventories, the OPEC report will be released. At the same time, the oil market remains very skeptical, putting an additional pressure on oil quotes. General dynamics of the main oil brands remains restrained and is limited by monthly trends.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading at $ 61.50, a decrease of about -0.90% in price.

WTI oil trades at $ 51.80, a decline of about -1.70% in price.

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Dani Leviant

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