Oil now
On Friday, the main oil brands continued their growth on the preservation of tension in the Middle East. Additional support for oil quotes was provided by data on problems with the Druzhba oil pipeline, which, after the pollution scandal, continues to skip low volumes. This is the reason for the strengthening of oil prices.
In positive conditions for the oil market, the main oil brands maintain a rapid upward trend, which retreated from semi-annual lows and continues to trade in an uptrend, limited to overbought.
Look Technical Analysis.
Brent crude is traded at around $ 65.60, an increase of about + 1.70% in price.
WTI oil is traded at about $ 57.70, up by about + 1.20% in price.
Read also: “Correction is an integral part of price movement in the market
and one of the main assistants to the trader “
Dani Leviant
Earn with the help of the trade service on the news Erste News!
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