Oil now

Oil quotes are traded with strengthening on a decrease in the number of oil rigs in the US at the start of the week . Also, the support of oil is expected by the November sanctions against Iran from the United States. Against the background of these sanctions, the export of oil from Iran was reduced by Japan, India and South Korea.

An optimism in the stock markets, that reduced the demand for safe harbor assets in addition to expectations gives support for oil quotations also. At the same time, oil quotes remain in a downtrend, limited by the highs of last week.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 77.20, rising about + 0.40% in price.

WTI crude oil is trading at $ 68.00, an increase of about + 0.35% in price.

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Dani Levitan

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