Oil now

With the opening of the new week, the oil market and the financial market as a whole were shocked by Trump’s next statement about the intention to introduce new duties on Chinese goods. As a result, the market has sharply increased negative sentiment, which, first of all, affected commodity currencies and the cost of oil.

Oil, amid rising risks, updated monthly lows, thereby accelerating the decline, which persists since April 25. For the time being, the overall dynamics of the oil market remains restrainedly negative, limiting from above to the highs of last Friday.

Look Technical Analysis.

Brent crude is traded at $ 71.60, an increase of about + 0.20% in price.

WTI crude is traded at $ 61.90, a decrease of about -0.10% in price.

Read also: “Market activity depending on the days of the week”

Dani Leviant

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Earn with the help of the trade service on the news Erste News!

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