Oil now
The oil market has significantly strengthened on Thursday, which was caused by a number of positive data for the oil market. In addition to the general decline in the value of the US dollar after the US Federal Reserve meeting, oil data in the US continues to support oil and data that OPEC members and non-cartel countries are going to meet. The date of the meeting of OPEC members is scheduled for July 1, July 2 will be a meeting of OPEC +. At these meetings will be discussed the possibility of extending the restrictions on oil production.
As a result, the main oil brands approached monthly highs, being in a significant overbought, but confirming the formation of a reversal on rebound from multi-month lows.
Look Technical Analysis.
Brent crude oil is traded in the region of $ 63.70, an increase of about + 3.10% in price.
WTI crude oil is traded around $ 56.10, an increase of about + 4.00% in price.
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Dani Leviant
Earn with the help of the trade service on the news Erste News!
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