Oil now
Oil is traded at the level of the opening day, receiving support from the overall decline in the US currency. At the same time, the mood on the oil market remains restrainedly negative against the backdrop of an increase in world oil production and a general increase in supply, which strengthens the continuing downward dynamics of oil quotations on the market.
It should also be noted that the attempts of major oil brands to strengthen by the end of the week remain ineffective and indicate the preservation of downward sentiment in the oil market.
See Technical Analysis of Oil.
At the moment, Brent crude is trading around $ 72.60, with an increase of about + 0.05% in price.
Oil brand WTI is trading at $ 68,680, a decline of about -0,20% in price.
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Dani Leviant
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