Oil now
On Friday, on a general decline in optimism on stock exchanges and the recovery of the American dollar, the oil market opened with a decline on correction after yesterday’s growth on positive data on a decrease in the US oil inventories. As a result, the main oil brands updated their monthly highs, but could not gain a foothold at these levels.
A restrained correction is traced on the oil market, indicating the preservation of the weekly lateral dynamics. It indicates a decrease in major oil brands to the opening levels of the current week and the lows of the current week.
Look Technical Analysis.
Brent crude oil is trading at around $ 60.00, a decline of about -1.50% in price.
WTI crude oil is trading around $ 55.50, a decline of about -1.50% 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:
- Boris Johnson leads the UK to a tough Brexit
- Currency is a weapon in a trade war!
- How far the prospects for USD/JPY may be downward
Current Investment ideas: