Oil now
Oil quotes on Wednesday show growth on the API data to reduce oil reserves in the US. Also, the support of oil is provided by optimistic expectations from EIA data, that will come out today. The aggravation of relations between the US and Iran keeps the oil market’s hopes for tightening sanctions, which positively affects the strengthening of oil prices. In the longer term, oil growth is likely to be limited by last week’s highs and risks associated with increased global production.
Look Technical Analysis of Oil.
At the moment, Brent crude oil is trading around $ 74.10, an increase of about + 0.90% in price.
The WTI brand oil is trading at $ 68.60, with an increase of about + 0.20% in price.
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Dana Leviant
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