Oil now
The main oil brands opened a new week with a sideways trend. With the opening of trading on Monday, annual highs were also updated on maintaining optimism. Closer to the middle of the day, oil began to be traded in different directions, following a decline in optimism in stock markets. The ambiguous dynamics of oil is largely due to the uncertainty about the US – China trade talks. It is also worth noting the significant overbought of oil, which was formed after a week-long increase in the cost of oil on the general market optimism.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading at $ 66.30, an increase of about + 0.05% in price.
WTI crude oil trades at $ 56.60, an increase of about + 0.80% in price.
Read also: “Cross Rate Trading. Features”
Dani Leviant
Earn with the help of the trade service on the news Erste News!
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