Oil now
Oil has accelerated growth in the low market activity after a number of reputable publications have reported that the United States intends to strengthen sanctions against Iranian oil. So, it became known that the United States strengthened sanctions through a ban on imports of Iranian oil to a number of countries. Earlier, despite the US sanctions against Iran, a number of countries: China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey received a quota for imports of Iranian oil, which expires in May of this year. As a result, such a statement caused a wave of new fears and a reduction in supply on the world oil market.
In terms of meeting the requirements of the United States, Iran will be in complete export insulation of oil, which will greatly support the cost of oil. While the main brands of oil continue to trade near the five-month highs, limited to the further development of this situation and limited to overbought.
Look Technical Analysis of Oil.
Brent crude is traded at around $ 73.70, a rise of about + 2.40% in price.
WTI oil is traded at around $ 65.40, a rise of about + 2.10% in price.
Read also: “VSA: bullish and bearish volumes; signs of strength and weakness in the market “
Dani Leviant
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