Oil now

Oil quotes on Friday remain optimistic, showing restrained growth, which is limited to highs of Thursday and the risks of the next US-China trade negotiations at the G20 summit.

The main uncertainty in the oil market is still ahead because of the expectations of the OPEC + meeting, which will take place in early July. This meeting will be expected to extend agreements to limit oil production in OPEC and non-cartel countries.

Technically, the oil market is trading at the opening of the day, limited to overbought and recent highs, forming a flat on uncertainty.

Look Technical Analysis.

Brent crude is traded at around $ 65.70, a rise of about + 0.00% in price.

WTI oil is traded at around $ 59.50, an increase of about + 0.00% in price.

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Dani Leviant

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

Topical articles of the trader’s blog:

1. G20 Summit – what to expect and to beware of
2. Prospects for the USD/JPY for early July
3. Oil market and its cloudy prospects

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