Oil now - Ester Holdings

Oil now

The recovery of the main oil brands is traced after a rapid decline on Tuesday from the start of the European trading session. In addition to the technical correction, oil market support is supported by the growth of optimism in the stock markets and the expectation of a reduction in the US oil reserves. So, a week earlier, the stocks of oil and petroleum products in the United States declined significantly and kept the market’s expectations for the continuation of this trend.

Despite the attempts of growth, general dynamics of the oil market remains downward. A technical upward correction carries a short-term trend for the oil market. It is worth noting the upcoming data on the US oil reserves, which have a significant impact on oil. And in case of continued reduction in oil reserves, the upward correction may intensify.

Look Technical Analysis.

Brent crude is traded at $ 63.10, up about + 1.10% in price.


WTI oil is traded at around $ 56.70, a rise of about + 0.90% in price.


Read also: “Gold: results and forecasts”

Dani Leviant


Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. OPEC + Market expects continuation of agreement to limit production
  2. G20 Summit – what to expect and to beware of
  3. Prospects for the USD/JPY for early July

Current Investment ideas:

  1. Where else, if not on the banking sector! Earn with an investment idea from an Ester company’s expert!
  2. Make Money on Intel Shares Growth!

Аналитическая рассылка

Analytical newsletter
Subscribe to the analytical newsletter to be up-to-date with current events!

Вы с украины?