Oil now - Ester Holdings

Oil now

Oil markedly accelerated growth on the data about the tightening of US sanctions against Iran. So, the renewed sanctions will turn Iran into an even greater reduction in oil exports. Earlier, US sanctions reduced Iran’s exports by 2.4 million barrels.

Technically, the main oil brands are traded with a strengthening on the correction and are limited to last week’s highs. Fundamental factors, on the contrary, are more indicative of a decrease in demand and an increase in risks associated with the trade confrontation of the United States.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 74.60, with growth of about + 1.10% in price.


WTI oil is trading at $ 69.60, with an increase of about + 0.80% in price.


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