Oil now
At the start of the week and month, the main oil brands are traded with a slight strengthening, remaining near the highs of the month. At the start of the day on the opening of trading negative dynamics was traced due to the growth of drilling activity in the US and the persistence of negative sentiment in the market.
The main factor in the strengthening of oil prices remains the expectation of sanctions against Iran and the fact that the market continues to remain optimistic about the growth of consumption, which is supported by the upward dynamics of oil. The limiting factor for oil is its overbought and possible risks around a significant increase in supply.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading around $ 78.10, with an increase of about + 0.60% in price.
WTI oil is trading at $ 69.90, with an increase of about + 0.20% in price.
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Dani Levitan
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