Oil now

The oil market has moved to decline after rising in trading on Tuesday. Earlier, major oil brands received a significant support in exacerbating the situation in the Middle East and worsening weather conditions in the Gulf of Mexico. As the storm passed, without causing significant damage, oil production in the Gulf of Mexico will quickly return to normal levels. The tense situation with respect to Iran remains, but remains relatively stable.

Against the background of the lack of drivers to strengthen oil, we can expect a moderate decline from the main oil brands, which is due to technical factors.

Look Technical Analysis.

Brent crude is traded at around $ 66.50, an increase of about + 0.00% in price.

WTI oil is traded at around $ 59.50, a decrease of about -0.20% in price.

Read also: “Trading on the news! Let’s consider in detail»

Dani Leviant

---

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

Topical articles of the trader’s blog:

1. The trade war. Relations between Japan and South Korea
2. The Japanese yen: expectations and prospects.
3. US and China return to the negotiation table

Current Investment ideas:

1. IBM shares will continue to decline. Get ready to make money on this with a ready-made investment idea from Ester!
2. Make Money on Intel Shares Growth!