Oil now

The major oil brands on Tuesday continue to strengthen. The driver of the increase in the cost of oil became data on the slowdown in oil production in Venezuela due to power outages. This, in turn, aggravated the already complicated position of Venezuela, which remains under the US sanctions. Previously, oil quotes were supported by data from Saudi Arabia, which announced a continued reduction in oil exports.

As a result, the main oil brands continue to trade near weekly highs, limited to risks. The overall dynamics of oil remains limited, despite attempts to grow.

Look Technical Analysis of Oil.

Brent crude oil traded in the region of $ 67.20, an increase of about + 0.90% in price.

WTI oil is traded at about $ 57.20, a rise of about + 0.80% in price.

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Dani Leviant

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