Oil now

The main oil brands opened the new week with a decline on expectations of a decline in the Middle East. The reason for the easing of tension was a ceasefire in some areas of Yemen at the initiative of Saudi Arabia. As a result, the tension between the Hasidim rebels involved in the attacks on oil refineries in Saudi Arabia and Saudi Arabia eased. This caused a decrease in tension in the Middle East, and as a result reduced the likelihood of rising oil prices due to interruptions in supply.

Prices returned to levels of growth at Saudi Arabia’s largest refinery. By this they indicated the possibility of resuming the restrained dynamics of the oil market. Support levels settled at lows of this September 12 and 3.

Look  Technical Analysis.

Brent crude is trading at around $ 60.40, a decline of about -0.90% in price.

WTI crude oil is trading around $ 55.30, a decline of about -1.00% in price.

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Dani Leviant

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