Oil now

Oil quotes continue to receive support from the increased voltage in the Middle East. So, according to some information, already four vessels near the shores of the UAE were attacked. Today there are data on attacks on two oil producing installations of Saudi Arabia. This has reinforced market fears regarding military escalation in the region. Against the background of growing concerns about new conflicts, the main oil brands of oil resumed rapid growth.

It is worth noting that the main brands of oil retreated from monthly lows and traded in the lateral dynamics of recent weeks. A deterrent to the oil market remains the trade conflict between the US and China and the expectation of data on the US oil reserves

Look Technical Analysis.

Brent crude oil traded in the region of $ 71.20, an increase of about + 1.40% in price.

WTI oil is traded at around $ 61.70, up by about + 1.20% in price.

Read also: “The state of the economy of Canada and
prospects for raising interest rates of the Bank of Canada “

Dani Leviant

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