Oil now
On Thursday, the oil market is restrainedly adjusted after a decline in data on continued growth in the US crude oil inventories. Restrained support for the oil market has had a growth of optimism in the stock markets, which contributes to the recovery of oil prices. Trading risks remain the main driver of oil decline. It is also worth noting the difficult situation with OPEC + limiting tariffs, which may be under threat against the background of growing pessimism regarding tariffs in Russia.
The main oil brands continue to trade near multi-month lows, forming a flat, actually indicating the preservation of the downward dynamics, which is limited by oversold.
Look Technical Analysis.
Brent crude is trading at $ 61.10, an increase of about + 0.80% in price.
WTI crude oil is traded in the region of $ 51.80, an increase of about + 0.20% in price.
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Dani Leviant
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