Oil now

The oil market returned to decline on the resumption of negative sentiment on stock exchanges and focused on the growth of US oil reserves. So, the latest EIA data showed an increase in the https://esterholdings.com/ua/technical-analysis-of-oil-dani-leviant-371/US crude oil inventories of 2.2 million barrels per week. Support for the oil corridors is provided by OPEC forecasts on growth in demand and a decrease in shale oil production in the United States next year.

The weakening of the cost of major oil brands is limited by the lows of November 13 and 8, while actually maintaining a restrained upward trend in recent weeks, which above are limited by highs of November 14 and 7.

Look Technical Analysis.

Brent crude is trading around $ 62.00, a decline of about -0.40% in price.

WTI crude oil is trading around $ 57.50, a decline of about -0.10% in price.

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Dani Leviant

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