Oil now - Ester Holdings

Oil now

On Friday, oil quotes are traded with a slight decrease in correction after growth earlier. The increase in the cost of oil since the beginning of the week was due to a number of positive factors, such as a reduction in oil reserves in the US and interruptions in the supply of oil from Saudi Arabia. As a result, a stable weekly uptrend emerged on the oil market, which is limited to correction.

Also, the data on the reduction of tension around the trade confrontation between the US and the EU are influenced positively by the dynamics of oil. However, these expectations are not final, as are the concrete results of these relations.

Look Technical Analysis of Oil.

At the moment, Brent crude oil is trading around $ 74.50, an increase of about + 0.00% in price.


WTI oil is trading at $ 69.50, a decline of about -0.10% in price.


 

Read also: “The Bank of England and the prospects for tightening monetary policy”

Dani Leviant

 

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

  1. In Focus: Analysis of transactions for a EUR/USD pair during the week
  2. Stock indices: European Union
  3. Emerging markets and their prospects: Russian Ruble (RUB)

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