Oil now - Ester Holdings

Oil now

At the trades on Thursday, oil quotes are traded with strengthening on data on the reduction of oil reserves in the US and stop of oil supplies by Saudi Arabia through the Red Sea. As it became known, interruptions in the supply of oil by Saudi Arabia through the Red Sea were caused by an attack by rebels from Yemen. As a result, this shipping route was closed, and oil supplies from Saudi Arabia are temporarily threatened.

Oil support was also provided by data on the reduction of oil reserves in the United States according to the EIA. At the same time, the general dynamics of oil, despite the upward trend, remains very limited.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 74.40, an increase of about + 0.60% in price.


 

Oil brand WTI is trading at $ 68.20, a decline of about -0.10% in price.


 

Read also: “Analysis of Japanese candlesticks – the main candlesticks models”

Dani Leviant

 

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Topical articles of the trader’s blog:

  1. Stock indices: European Union
  2. Emerging markets and their prospects: Russian Ruble (RUB)
  3. Stock indices: the US market

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