Oil now

At the opening of trading on Monday, oil is trading with a strengthening, after attempts to decline early in the day. In the first half of the day, oil price sinking was observed, which was caused by corrections and ambiguity regarding raw materials. The overall dynamics of oil remains upward, despite a significant decline on Friday. The oil price was previously pressured by the IEA report, which indicated OPEC’s significant capacity. At the same time, general dynamics of oil, despite the decline, remains ascending, limited to recent highs.

Look Technical Analysis of Oil.

Brent crude oil traded in the region of $ 67.40, an increase of about + 0.30% in price.

WTI crude oil traded in the region of $ 58.90, an increase of about + 0.30% in price.

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Dani Leviant

 

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