Oil now

Oil quotes are traded on Friday with a moderate strengthening. The main deterrent to the oil market continues to be concerns about the growing trade confrontation between the United States and China. Oil support is provided by data on the reduction of oil exports from OPEC and tougher sanctions against Iran and Venezuela.

Amid a restrained decline in the US dollar, oil quotes retreated from weekly lows. But, despite attempts to slow down the decline, the oil market remains limited to the highs of the current week, keeping the weekly side channel waiting for drivers to move.

Look Technical Analysis.

Brent crude is traded in the region of $ 70.90, an increase of about + 0.70% in price.

WTI oil is traded at about $ 62.10, a decline of about + 0.70% in price.

Read also: “Stock Indices: the US Market”

Dani Leviant

---

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

Topical articles of the trader’s blog:

1. Skills each investor must develop
2. What is interesting about the US Fed meeting in April  and how it can affect the world banks policy?
3. Stock Indices: Storming Historic Highs

Current Investment ideas:

1. CAT shares give SUPER-opportunity to earn in April!
2. Hewlett-Packard shares are ready to close the gap, and we are ready to close the profits!
3. Several reasons to buy Walmart shares. Use the chance to earn!