Oil now

On Thursday, oil quotations are traded with strengthening, limited to yesterday’s highs. Support for oil was provided by data on the reduction of oil reserves in the United States and the decline in oil production in Canada and Libya, which, amid very high demand, accelerated the growth of oil quotations.

It is also worth noting that after yesterday’s growth, oil remains limited to recent highs. To this we should also add a strong US currency, which limits the growth of oil and the fact that the volume of oil production in the US continues to grow. As a result, oil could significantly slow growth on renewed concerns about the growth in supply.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 77.90, with an increase of about 0.50% in price.

WTI oil is trading at $ 72.90, with an increase of about + 0.20% in price.

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Dani Levitan