Oil (current news)
Oil prices are stable and moves in a narrow range at the beginning of the European session. In general, this movement of oil quotations is caused by data on oil and petroleum products in the US, which were published on Wednesday. See https://esterholdings.com/en/2017/11/08/neft-prodolzhaet-snizhenie-12/.
The market remains positive based on expectations of stabilizing the balance between supply and demand due to the OPEC + pact.
- At the moment, WTI crude oil is trading at $ 56.84, adding about + 0.05% to the price.
- Brent crude oil is trading around $ 63.54, adding about + 0.05% to the price.
See Technical Analysis of Oil. https://esterholdings.com/en/2017/11/09/oil-technical-analysis-alexander-sivtsov-147/#more-52302
Alexander Sivtsov