Oil now - Ester Holdings

Oil now

The oil market remains under the pressure from negative market sentiment and expectations of an increase in supply before the publication of data on oil reserves in the United States. In addition to the direct factors influencing the oil market, the dynamics of the main oil quotes is also limited by the restraint of the US dollar on the expectation of data on changes in US interest rates.

As a result, the oil market is trading with a restrained decline from the beginning of the day, maintaining a downward trend on signs of supply growth. So, the API data showed an increase of 0.5 billion per week. Confirmation of these statistics with data from the EIA will return the main oil brands to weekly lows.

Look Technical Analysis.

Brent crude is trading around $ 61.00, a decline of about -0.90% in price.


WTI crude oil is trading around $ 55.20, a decline of about -0.50% in price.


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