Oil (current news)

Oil quotes are trading with strengthening, receiving support for the reduction of oil reserves in the US and waiting for sanctions against Iran. As a result, oil is trading near three-year highs, limited to overbought, which eventually can cause a correction. At the same time, the market remains optimistic, but for further growth, a technical correction is needed.

At the moment, Brent crude is trading at around $ 77.80, with an increase of about + 0.70% in price.

WTI crude oil is trading at $ 71.70, an increase of about 0.80% in price.

Also, see Technical Analysis of Oil.

Hanzenko Anton