Oil now - Ester Holdings

Oil now

Major oil brands at the start of the week remain under the pressure from pessimistic sentiments. The reason for the growth of pessimism in the market was the lack of details on the US – China trade talks, which took place last week. As a result, the market considered that there were no actual results, thereby returning to negative sentiment, which can be seen on the stock exchanges.

Major oil brands came under the significant pressure to correct after, having almost completely won back Friday’s strengthening, while completely ignoring the data on an attack on an Iranian oil tanker near the coast of Saudi Arabia. This has renewed tension in the Middle East. Major oil brands are traded at the maximum level of October 9, limiting below the lows of October 10 and 8. The resumption of growth in the oil market can be expected on the general optimism.

Look Technical Analysis.

Brent crude oil is trading around $ 59.30, a decrease of about -2.00% in price.


WTI crude oil is trading around $ 53.50, a decrease of about -2.10% in price.


Read also: “ The results of the ECB September
 meetings for the global economy”

Dani Leviant


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