Oil now - Ester Holdings

Oil now

The oil market on Tuesday shows moderate growth on the correction after the decline. The reason for the strengthening of oil prices was data on a decrease in oil production in OPEC to an eight-year low. At the same time, Saudi Arabia resumed oil production to the level of attacks on oil refineries. As a result, to some extent, this balanced the dynamics of the main oil brands.

General dynamics of the oil market remains restrained and corresponds to the average cost of early September. This indicates the preservation of the overall restrained downward dynamics of the oil market. Significant support for major oil brands remains at lows on September 12 and 3.

Look Technical Analysis.

Brent crude oil is trading around $ 59.70, an increase of about + 0.80% in price.


WTI crude oil is trading around $ 54.40, an increase of about + 0.70% in price.


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Dani Leviant


 

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