Oil now
The main oil brands on Friday trades continue to trade in different directions, staying near the opening of the day level. Earlier on Thursday, the price of oil increased markedly in anticipation of negotiations between the United States and China on the highest level of trade relations. After the agiotage subsided, the oil market was under the pressure of correction after growth and rebound from the upper boundaries of the trading ranges. The main driver of the oil market is the US – China trade relations, which, despite the lack of explicit statements, remain tense due to the expiration of the temporary agreements.
Technically, the main oil brands of oil continue to be traded in the monthly channels, which, after growth, moved to correction, but also maintain a restrained dynamics, indicating the uncertainty in the oil market.
Look Technical Analysis of Oil.
At the moment, Brent crude is trading at $ 60.80, an increase of about + 0.05% in price.
WTI crude oil trades at $ 53.70, a decline of about -0.20% in price.
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Dani Leviant
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