Oil now

Oil remains under the pressure from negative sentiment associated with signs of declining demand for a slowdown in the global economy. As a result, the main oil brands remain under the pressure, limited to data on the reduction of oil reserves in the United States and attempts to increase optimism.

In the conditions of preservation of a certain uncertainty, the multidirectional dynamics of the oil market will continue. But the downward sentiment continues to play the main role, which will maintain the downward dynamic of oil.

Look Technical Analysis.

Brent crude oil is traded in the region of $ 63.60, an increase of about + 0.50% in price.

WTI crude is traded at about $ 56.90, a decrease of about -0.80% in price.

Read also: “Gold. Expectations for March 2019″

Dani Leviant

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